This paper examines the implications of the liberalization of capital outflows in China, India, Brazil, and South Africa (CIBS) for other developing countries. It focuses on their prospects of attracting not only foreign direct investment (FDI), but also portfolio capital flows from CIBS. To...

Preface -- Introduction -- A financial sector to support development in low income countries / Stephany Griffith-Jones with Ewa Karwowski and Florence Dafe -- Financial regulation, stability and growth in low-income countries : a review of the evidence and agenda for research / Stephen Spratt --...