Hidden Bibliographic Details
| Other authors / contributors: | Chapple, Bryan, author.
International Monetary Fund.
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| ISBN: | 1589061179
9781589061170
1452793409
9781452793405
9781452793405
1462307817
9781462307814
1452733848
9781452733845
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| Notes: | Available in PDF, ePUB, and Mobi formats on the Internet.
Includes bibliographical references (pages 54-56).
English.
Online resource; title from PDF title page (IMF, viewed September 10, 2015).
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| Summary: | After the industrial countries established current account convertibility in the late1950s, they began to phase out their capital controls. Their efforts were slow and tentative at first, but built up considerable momentum by the 1980s as market-oriented economic policies gained popularity. This paper describes how national policymakers? views of capital controls shifted over time, and how these controls have been closely related to regulation in other policy areas, such as banking and financial markets. As developing countries seek to liberalize their capital accounts to obtain the benefits of increased integration with the global economy, what lessons can be drawn from industrial countries? diverse experiences with capital controls, and how can a country?s liberalization measures be sequenced to minimize disturbances to its exchange rate and monetary policies?
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| Other form: | 1589061179
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| Standard no.: | 10.5089/9781452793405.084
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