إسبانيا

The Chinn-Ito index (KAOPEN) is an index measuring a country's degree of capital account openness. The index was initially introduced in Chinn and Ito (Journal of Development Economics, 2006). KAOPEN is based on the binary dummy variables that codify the tabulation of restrictions on cross-border financial transactions reported in the IMF's Annual Report on Exchange Arrangements and Exchange Restrictions (AREAER).   Chinn, Menzie D. and Hiro Ito (2008). "A New Measure of Financial Openness". Journal of Comparative Policy Analysis, Volume 10, Issue 3, p. 309 – 322 (September). Ito, Hiro (2006). "Financial Development in Asia: Thresholds, Institutions, and the Sequence of Liberalization". North American Journal of Economics and Finance, issue 17(3) (December). Chinn, Menzie D. and Hiro Ito (2006)."What Matters for Financial Development? Capital Controls, Institutions, and Interactions," Journal of Development Economics, Volume 81, Issue 1, Pages 163-192 (October). The longer version is available as NBER Working Paper No. 11370 (May 2005). The previous version is "Capital Account Liberalization, Institutions and Financial Development: Cross Country Evidence," (with Menzie Chinn) NBER Working Paper Series, #8967 (June 2002).