00789nam a2200097Ia 450000500170000010000210001724500780003826000090011652005480012558300180067320260716043422.0  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