More frequent and increasingly severe crises are encouraging emerging market economies to seek means to make themselves less vulnerable to sudden stops in capital flows. Capital controls have been widely discussed, but dollarization may offer a longer-term and more market-friendly solution.
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
8951.
Length: Date of creation: Sep 1999 Date of revision: Publication status: Published in Finance and Development 3.36(1999): pp. 13-15 Handle: RePEc:pra:mprapa:8951
Find related papers by JEL classification: F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements F30 - International Economics - - International Finance - - - General
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