Capital Account Liberalization Theoretical and Practical Aspects

Capital account liberalization - orderly, properly sequence, and befitting the individual circumstances of countries- is an inevitable step for all countries wishing to realize the benefits of the globalized economy. This paper reviews the theories behind capital account liberalization and examines...

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Bibliographic Details
Main Author: Mussa, Michael
Other Authors: Dell'Ariccia, Giovanni, Detragiache, Enrica, Eichengreen, Barry
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1998
Series:Occasional Papers
Subjects:
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Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:Capital account liberalization - orderly, properly sequence, and befitting the individual circumstances of countries- is an inevitable step for all countries wishing to realize the benefits of the globalized economy. This paper reviews the theories behind capital account liberalization and examines the dangers associated with free capital flows. The authors conclude that the dangers can be limited through a combination of sound macroeconomic and prudential policies
Physical Description:72 pages
ISBN:9781557757777