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Damien Capelle

Damien Capelle is an economist in the Research Department of the IMF. He holds a Master from the Paris School of Economics and a Ph.D. from Princeton University. His research focuses on monetary and fiscal policy, international finance, as well as on the role of higher education in shaping growth, inequality and intergenerational mobility.
Development

Global Financial Liberalization Has Failed To Live Up to Its Promise

Bruno Pellegrino
In new research, Bruno Pellegrino and Damien Capelle find that while global capital markets have grown dramatically over the past five decades and reached new jurisdictions, the uneven pace of financial liberalization has failed to reallocate capital to lower-income countries, reduced world GDP by 5.9%, and increased inequality between rich and poor countries.

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The publication of the Stigler Center at The University of Chicago Booth School of Business

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