Liberalizing Capital Movements : Some Analytical Issues /

This paper addresses the potential gains and risks of open capital markets by first looking at what classical economic theory suggests aboutthe benefits of capital mobility and then examining the counterargumentsarising from problems of incomplete information and other distortions.It shows that the...

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Autore principale: Milesi-Ferretti, Gian
Altri autori: Detragiache, Enrica, Mussa, Michael, Tweedie, A.
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2005.
Serie:Economic Issues; Economic Issues ; No. 2005/002
Accesso online:Full text available on IMF
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245 1 0 |a Liberalizing Capital Movements :   |b Some Analytical Issues /  |c Gian Milesi-Ferretti, Enrica Detragiache, A. Tweedie, Michael Mussa. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2005. 
300 |a 1 online resource (19 pages) 
490 1 |a Economic Issues 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a This paper addresses the potential gains and risks of open capital markets by first looking at what classical economic theory suggests aboutthe benefits of capital mobility and then examining the counterargumentsarising from problems of incomplete information and other distortions.It shows that the risks of removing controls on flows of capital acrossnational borders are similar to those associated with removing controlson domestic financial institutions. The paper then explores how to manageliberalization to minimize the risks and maximize the benefits. 
538 |a Mode of access: Internet 
700 1 |a Detragiache, Enrica. 
700 1 |a Mussa, Michael. 
700 1 |a Tweedie, A. 
830 0 |a Economic Issues; Economic Issues ;  |v No. 2005/002 
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