00760nam a2200085Ia 4500100002100000245007800021260000900099520054800108583001800656  aWorrell, Delisle  aCapital market integration : capital controls and exchange rate stability  c1998  aSuggests that capital controls are not a significant barrier to regional investment in the Caribbean.  Argues that some types of control contribute to the efficiency of the market for foreign exchange, and should be retained and contrasts those with controls which distort markets.  Concludes that countries with capital controls, implementing Protocol II of the Caribbean Community Treaty effectively remove these controls, even those that are beneficial.  Suggests therefore, that it is not appropriate to implement Protocol II at this time.  c5/9/01kJOY_D