This morning, I’ve seen some tweets mentionning some financial openness index, used by the IMF, without any proper reference. Knoema mentioned that the Chinn-Ito index (KAOPEN) is an index measuring a country’s degree of capital account openness. This index was introduced in Chinn & Ito (2006). What Matters for Financial Development? Capital Controls, Institutions, and Interactions. Here is the code to get the data, loc=“https://web.pdx.edu/~ito/kaopen_2020.xls" download.file(loc,destfile=“kaopen_2020.xls”) library(readxl) K=read_excel(“kaopen_2020.xls”) De = …