Chinn-Ito Financial Openness Index

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).

Currently, the index is updated to 2008.

Downloaded from: http://web.pdx.edu/~ito/Chinn-Ito_website.htm

Date downloaded: November 2010