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Managing the Process of Removing Capital Controls: What Does the Literature Suggest?

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  • Moore, Winston

Abstract

Economic theory suggests that opening the capital account should allow a country to diversify away economic shocks, increase capital inflows, expand economic growth and efficiency and encourage governments to pursue good policies, the empirical evidence with regard to these theoretical predictions are in some instances debatable. Many studies, for example, have reported mixed results as it relates to the impact of capital account integration on growth, exchange rates, trade and policy discipline. This paper provides a review of this literature as well as some policy for policymakers in relation to managing the process of removing capital controls.

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  • Moore, Winston, 2010. "Managing the Process of Removing Capital Controls: What Does the Literature Suggest?," MPRA Paper 21584, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:21584
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    Cited by:

    1. Winston Ricardo Moore, 2010. "Capital account liberalization and commercial bank interest rate margins," Applied Financial Economics, Taylor & Francis Journals, vol. 20(21), pages 1673-1685.
    2. Winston Moore, 2013. "Quantifying the effects of capital controls in small states," Macroeconomics and Finance in Emerging Market Economies, Taylor & Francis Journals, vol. 6(2), pages 190-203, September.

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    Keywords

    Capital Controls; Liberalisation; Policy Options;

    JEL classification:

    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • F3 - International Economics - - International Finance
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy

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