Liberalization of the Capital Account: Experiences and Issues
AbstractThis 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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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Occasional Papers with number 103.
Date of creation: 15 Mar 1993
Date of revision:
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Postal: International Monetary Fund, Washington, DC USA
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Other versions of this item:
- Donald J. Mathieson & Liliana Rojas-SuÃ¡rez, 1992. "Liberalization of the Capital Account: Experiences and Issues," IMF Working Papers 92/46, International Monetary Fund.
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