May 04, 2008
Updated Chinn-Ito Financial Openness Index Online
The newest version of the Chinn-Ito financial openness index (earlier discussed here), extending up to 2006, has just been posted. Here's the series for Argentina and for Venezuela.
Figure 1: Chinn-Ito financial openness index for Argentina (blue) and Venezuela (red). Higher values indicate greater openness. Source: Chinn-Ito index (2008) (Excel).
The index is available here as an Excel file. Documentation is here [pdf]. More extensive discussion of the uses of the index is contained in this paper [pdf]. (Note that these items are also available on Hiro Ito's website as well.)
Note: This is a de jure, not de facto, measure of financial openness.
Posted by Menzie Chinn at May 4, 2008 09:22 PMdigg this | reddit
Thanks a lot for all the hard work you are putting in, that's giving all of us an incredibly useful database as a global public good.
Posted by: Ajay Shah at May 5, 2008 12:32 AM
Funny you chose Argentina and Venezuela together...
Posted by: Natalio Ruiz at May 5, 2008 04:02 AM
Well you know what they say about 'openess':
Here today and gone tomorrow.
Posted by: E. Poole at May 5, 2008 02:25 PM