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:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Sequencing Capital Account Liberalization  |b Lessons From the Experiences in Chile, Indonesia, Korea, and Thailand  |c Claudia Echeverria, Salim Darbar, R. Johnston 
260 |a Washington, D.C.  |b International Monetary Fund  |c 1997 
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651 4 |a Thailand 
653 |a Capital account liberalization 
653 |a Short-term Capital Movements 
653 |a Current Account Adjustment 
653 |a Balance of payments 
653 |a Long-term Capital Movements 
653 |a Currency 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Exports and Imports 
653 |a Capital account 
653 |a International economics 
653 |a Foreign Exchange 
653 |a Capital flows 
653 |a Capital inflows 
653 |a Capital movements 
653 |a Exchange rates 
653 |a Monetary Policy 
653 |a Foreign exchange 
653 |a International Investment 
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700 1 |a Johnston, R. 
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520 |a 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