00967nam a2200145Ia 4500 20260716043404.0 11.03.03 C2443 Eichengreen, Barry...[et al] Capital account liberalization : theoretical and practical aspects IMF WashingtonUS 1998 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 M C2443 46271 46271