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Capital Account Regimes and the Developing Countries: Issues and Approaches

In: Capital Account Regimes and the Developing Countries

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  • G. K. Helleiner

Abstract

Debate over the role of volatile private capital flows in international payments and appropriate government policies relating to them has a long history. The League of Nations produced an influential study of exchange-rate experience in the interwar period that addressed some of these issues (Nurkse, 1944); policy debate thereon sharpened in the preparations for (and at) the Bretton Woods conference in 1944; and it resurfaced repeatedly as current and capital account convertibility was restored to an increasing number of developed countries in the post Second World War period (Helleiner, 1994).

Suggested Citation

  • G. K. Helleiner, 1998. "Capital Account Regimes and the Developing Countries: Issues and Approaches," Palgrave Macmillan Books, in: G. K. Helleiner (ed.), Capital Account Regimes and the Developing Countries, chapter 1, pages 1-44, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-26789-7_1
    DOI: 10.1007/978-1-349-26789-7_1
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