Download e-book for kindle: Capital Account Liberalization: Theoretical and Practical by Michael Mussa,Giovanni Dell'Ariccia,Barry J.

By Michael Mussa,Giovanni Dell'Ariccia,Barry J. Eichengreen,Enrica Detragiache

Capital account liberalization - orderly, thoroughly series, and befitting the person situations of nations- is an inevitable step for all international locations wishing to gain the advantages of the globalized economic system. This paper reports the theories in the back of capital account liberalization and examines the risks linked to loose capital flows. The authors finish that the risks could be constrained via a mixture of sound macroeconomic and prudential policies.

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Capital Account Liberalization: Theoretical and Practical Aspects (Occasional Paper (International Monetary Fund)) by Michael Mussa,Giovanni Dell'Ariccia,Barry J. Eichengreen,Enrica Detragiache


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