00884nam a2200109Ia 4500080001900000100003300019245007100052260002800123300001300151520059100164583001900755  a11.03.03 C2443  aEichengreen, Barry...[et al]  aCapital account liberalization : theoretical and practical aspects  bIMFaWashingtonUSc1998  av, 61 p.  aDescribes 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.  c7/26/00kJOY_D