| DEP VARIABLES | Chinn-Ito index | Portfolio flows 1 | Portfolio flows 2 | FDI flows |
| TLIB | 0.490*** | 0.014** | 0.030*** | 0.407** |
| (0.070) | (0.006) | (0.008) | (0.193) | |
| GDP | 0.004** | 0.008*** | 0.011*** | 0.004 |
| (0.002) | (0.002) | (0.002) | (0.005) | |
| Controls: country, year fixed effects | ||||
| Observations | 2055 | 2158 | 2158 | 2059 |
| Adjusted R-squared | 0.704 | 0.437 | 0.448 | 0.498 |