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Theoretical and Practical Aspects
出版International Monetary Fund, 1998-09-30
主題Business & Economics / Banks & BankingBusiness & Economics / Economics / MacroeconomicsBusiness & Economics / Public Finance
ISBN14527510219781452751023
URLhttp://books.google.com.hk/books?id=mzrTkrHhCj0C&hl=&source=gbs_api
註釋Capital account liberalization - orderly, properly sequence, and befitting the individual circumstances of countries- is an inevitable step for all countries wishing to realize the benefits of the globalized economy. This paper reviews the theories behind capital account liberalization and examines the dangers associated with free capital flows. The authors conclude that the dangers can be limited through a combination of sound macroeconomic and prudential policies.