Managing risks of capital mobility
Countries need suitable mechanisms for balancing the risks and benefits of financial openness, including mechanisms through which to provide insurance to citizens, through the marketplace or through redistributive policy, and thus to avert political pressure for capital controls. Capital mobility as...
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| Format: | eBook |
| Language: | English |
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Washington, DC
World Bank, World Bank Institute, Governance, Regulation, and Finance
1999
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| Series: | Policy research working paper
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| Collection: | World Bank E-Library Archive - Collection details see MPG.ReNa |
| Summary: | Countries need suitable mechanisms for balancing the risks and benefits of financial openness, including mechanisms through which to provide insurance to citizens, through the marketplace or through redistributive policy, and thus to avert political pressure for capital controls. Capital mobility as a policy objective gained currency and support only after significant trade liberalization and only in democratic countries that had established the ability to repond to citizens' demands for national economic security |
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| Item Description: | "October 1999"--Cover. - Includes bibliographical references (p. 25-27) |
| Physical Description: | 30 p ill 28 cm |