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As stated in the introduction there are two ways of measuring this Capital account liberalization (CAL) and Actual capital flows (ACF). CAL refers to a change in policy that opens a country up to capital flows from other countries i.e. reduces restrictions. This is also some times referred to as De jure restrictions on capital flows...
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CAL refers to a change in policy that opens a country up to capital flows from other countries i.e. reduces restrictions. This is also some times referred to as De jure restrictions on capital flows. Actual capital flow is basically the actual amount of capital flowing across borders and is also referred to as de facto financial integration...
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