Capital Account Liberalization : Theoretical and Practical Aspects /

Capital account liberalization - orderly, properly sequence, and befitting the individual circumstances of countries- is an inevitable step for all countries wishing to realize the benefits of the globalized economy. This paper reviews the theories behind capital account liberalization and examines...

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Bibliographic Details
Main Author: Mussa, Michael
Other Authors: Dell'Ariccia, Giovanni, Detragiache, Enrica, Eichengreen, Barry
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1998.
Series:Occasional Papers; Occasional Paper ; No. 1998/016
Online Access:Full text available on IMF
Description
Summary:Capital account liberalization - orderly, properly sequence, and befitting the individual circumstances of countries- is an inevitable step for all countries wishing to realize the benefits of the globalized economy. This paper reviews the theories behind capital account liberalization and examines the dangers associated with free capital flows. The authors conclude that the dangers can be limited through a combination of sound macroeconomic and prudential policies.
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Physical Description:1 online resource (72 pages)
Format:Mode of access: Internet
ISSN:0251-6365
Access:Electronic access restricted to authorized BRAC University faculty, staff and students