DEP VARIABLES

Chinn-Ito index

Portfolio flows 1

Portfolio flows 2

FDI flows

TLIB

0.810***

−0.423

−0.423

−1.067***

(0.165)

(0.270)

(0.270)

(0.311)

GDP

−0.005***

0.018***

0.018***

−0.006**

(0.002)

(0.003)

(0.003)

(0.002)

Observations

538

555

555

520

Adjusted R-squared

0.753

0.461

0.461

0.408