Controlled Capital Account Liberalization : A Proposal /

In this paper, we develop a proposal for a controlled approach to capital account liberalization for economies experiencing large capital inflows. The proposal essentially involves securitizing a portion of capital inflows through closed-end mutual funds that issue shares in domestic currency, use t...

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Bibliographic Details
Main Author: Prasad, Eswar
Other Authors: Rajan, Raghuram
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2005.
Series:IMF Policy Discussion Papers; Policy Discussion Paper ; No. 2005/007
Online Access:Full text available on IMF