Capital Account Liberalization: Theoretical and Practical Aspects
Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
| Author: | Michael Mr. Mussa, Giovanni Mr. Dell'Ariccia, Barry Mr. Eichengreen, Enrica Ms. Detragiache | ISBN: | 9781452775210 |
| Publisher: | INTERNATIONAL MONETARY FUND | Publication: | September 30, 1998 |
| Imprint: | INTERNATIONAL MONETARY FUND | Language: | English |
| Author: | Michael Mr. Mussa, Giovanni Mr. Dell'Ariccia, Barry Mr. Eichengreen, Enrica Ms. Detragiache |
| ISBN: | 9781452775210 |
| Publisher: | INTERNATIONAL MONETARY FUND |
| Publication: | September 30, 1998 |
| Imprint: | INTERNATIONAL MONETARY FUND |
| Language: | English |
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.
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.
