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Sequencing Capital Account Liberalization Lessons From the Experiences in Chile, Indonesia, Korea, and Thailand

This paper examines issues in sequencing and pacing capital account liberalization and draws lessons from experience in four countries (Chile, Indonesia, Korea, and Thailand). The paper focuses on the interrelationship between capital account liberalization, domestic financial sector reforms, and th...

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Bibliographic Details
Main Author: Echeverria, Claudia
Other Authors: Darbar, Salim, Johnston, R.
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1997
Series:IMF Working Papers
Subjects:
Capital Account Liberalization
Short-term Capital Movements
Currency; Foreign Exchange
Current Account Adjustment
Balance Of Payments
Long-term Capital Movements
Financial Institutions And Services: Government Policy And Regulation
Exports And Imports
Capital Account
International Economics
Capital Flows
Foreign Exchange
Capital Inflows
Capital Movements
Exchange Rates
Monetary Policy
International Investment
Thailand
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper examines issues in sequencing and pacing capital account liberalization and draws lessons from experience in four countries (Chile, Indonesia, Korea, and Thailand). The paper focuses on the interrelationship between capital account liberalization, domestic financial sector reforms, and the design of monetary and exchange rate policy. It concludes that capital account liberalization should be approached as an integrated part of comprehensive reform strategies and should be paced with the implementation of appropriate macroeconomic and exchange rate policies
Physical Description:115 pages
ISBN:9781451857450

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