Liberalization of the Capital Account: Experiences and Issues

Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
Cover of the book Liberalization of the Capital Account: Experiences and Issues by Liliana Ms. Rojas-Suárez, Donald Mr. Mathieson, INTERNATIONAL MONETARY FUND
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Author: Liliana Ms. Rojas-Suárez, Donald Mr. Mathieson ISBN: 9781452763095
Publisher: INTERNATIONAL MONETARY FUND Publication: March 15, 1993
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Liliana Ms. Rojas-Suárez, Donald Mr. Mathieson
ISBN: 9781452763095
Publisher: INTERNATIONAL MONETARY FUND
Publication: March 15, 1993
Imprint: INTERNATIONAL MONETARY FUND
Language: English

This study explores the industrial and developing countries' use of capital controls since World War II, including their rationales for using them, and describes their experiences with relaxing controls as part of broader liberalization and structural reform efforts. The papers also outlines the potential medium-term costs and benefits of an open capital account and the policy measures that would help sustain capital account convertibility.

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This study explores the industrial and developing countries' use of capital controls since World War II, including their rationales for using them, and describes their experiences with relaxing controls as part of broader liberalization and structural reform efforts. The papers also outlines the potential medium-term costs and benefits of an open capital account and the policy measures that would help sustain capital account convertibility.

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