Liberalization of the Capital Account: Experiences and Issues
( Occasional Papers )
Publication series ： Occasional Papers
Author： Ms. Liliana Rojas-Suárez Mr. Donald J. Mathieson
Publisher： INTERNATIONAL MONETARY FUND
Publication year： 1993
E-ISBN: 9781452724782
P-ISBN(Paperback): 9781557752802
Subject： F831.6 international financial relations
Language： ENG
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Description
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.