Eichengreen, Barry...[et al] creator text WashingtonUS IMF 1998 monographic v, 61 p. 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 11.03.03 C2443