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Capital account liberalization : theoretical and practical aspects

By: Material type: TextTextPublication details: IMF WashingtonUS 1998Description: v, 61 pAction note:
  • 7/26/00 JOY_D
Summary: Describes the remarkable growth of international capital flows and places it in historical perspective. Examines what economic theory has to say about the benefits and costs of capital mobility. Assesses countries' practical experience with capital account liberalization by reviewing studies of the effects of capital account convertibility on economic growth, cyclical stability, and susceptibility to crises. Looks at the prudential regulation of financial institutions and markets, the role that can be played by limits on international capital flows and the issue of sequencing.
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Monograph CARICOM Documentation Centre 11.03.03 C2443 (Browse shelf(Opens below)) Available 0000000016950

Describes the remarkable growth of international capital flows and places it in historical perspective. Examines what economic theory has to say about the benefits and costs of capital mobility. Assesses countries' practical experience with capital account liberalization by reviewing studies of the effects of capital account convertibility on economic growth, cyclical stability, and susceptibility to crises. Looks at the prudential regulation of financial institutions and markets, the role that can be played by limits on international capital flows and the issue of sequencing.

7/26/00 JOY_D

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