Liberalization of the Capital Account : Experiences and Issues /

This paper reviews the experience with capital controls in industrial and developing countries, considers the policy issues raised when the effectiveness of capital controls diminishes, examines the medium-term benefits and costs of an open capital account, and analyzes the policy measures that coul...

Full description

Bibliographic Details
Main Author: Mathieson, Donald
Other Authors: Rojas-Suarez, Liliana
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1992.
Series:IMF Working Papers; Working Paper ; No. 1992/046
Online Access:Full text available on IMF