. Inefficient financial system and poor corporate governance may be bypassed by two-way capital flows in which domestic savings …This paper proposes a simple model to study how domestic institutions affect patterns of international capital flows … for a developing country with an inefficient financial sector or poor corporate governance. Interestingly, financial and …

. Inefficient financial system, and poor corporate governance, may be bypassed by two-way capital flows in which domestic savings …This paper proposes a simple model to study how domestic institutions affect patterns of international capital flows … for a developing country with an inefficient financial sector or poor corporate governance. Interestingly, financial and …