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Issues in capital account convertibility in developing countries (Record no. 46935)

MARC details
000 -LEADER
fixed length control field 00991nam a2200121Ia 4500
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20260716043424.0
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Schneider, Benu
245 ## - TITLE STATEMENT
Title Issues in capital account convertibility in developing countries
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2001
520 ## - SUMMARY, ETC.
Summary, etc. Examines the pace, sequencing and preconditions of capital liberalisation drawing lessons from the experience of twelve countries, and focusing on the inter-relationships between open capital and current accounts, the financial sector and the conduct of macro policies. Distinguishes between prudential limits and capital controls and discusses the effectiveness of direct and price controls. Makes a case for intermediate regimes with respect to exchange-rate policy. Concludes that developing countries need to adopt a gradualist approach to the opening up of the capital account, outlining three strategies and emphasizing that the capital account is only one aspect of a comprehensive reform package.
583 ## - ACTION NOTE
Time/date of action 6/22/01
Action agent JOY_D
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Analytic

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