Capital Controls and Trade Liberalization in a Monetary Economy /

This paper reexamines Aizenman's (1985) results on the effects of capital controls during unanticipated trade liberalization using an intertemporal optimizing monetary model. Unlike in Aizenman's model, which is based on the currency substitution model, foreign money is an interest-bearing...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Jang, B.
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 1999.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 1999/024
Online Zugang:Full text available on IMF

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