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:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Payment Systems 
653 |a Investments, Foreign 
653 |a Banks 
653 |a Finance 
653 |a Industries: Financial Services 
653 |a Banks and banking 
653 |a Regimes 
653 |a Exports and Imports 
653 |a Mortgages 
653 |a Capital account 
653 |a Capital flows 
653 |a Standards 
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653 |a Financial Risk Management 
653 |a Depository Institutions 
653 |a Economic & financial crises & disasters 
653 |a Government and the Monetary System 
653 |a Commercial banks 
653 |a Capital account liberalization 
653 |a Short-term Capital Movements 
653 |a Monetary economics 
653 |a Financial institutions 
653 |a General Financial Markets: Government Policy and Regulation 
653 |a Current Account Adjustment 
653 |a Micro Finance Institutions 
653 |a Balance of payments 
653 |a Long-term Capital Movements 
653 |a International economics 
653 |a Capital controls 
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520 |a 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