Capital account convertibility: review of experience and implications for IMF policies.

Capital account convertibility: review of experience and implications for IMF policies.

The paper summarizes the main issues arising from experiences of industrial and developing countries with capital account liberalization and it examines the IMF's treatment of capital controls in its surveillance, use of IMF resources, and technical assistance activities. Case studies of recent...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Hauptverfasser: Evens, Owen, Quirk, Peter J
Format: Buch
Sprache:eng
Schlagworte:
Banking
Capital movements
Developing countries
International Monetary Fund
Macroeconomics
Public finance
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Beschreibung
Zusammenfassung:The paper summarizes the main issues arising from experiences of industrial and developing countries with capital account liberalization and it examines the IMF's treatment of capital controls in its surveillance, use of IMF resources, and technical assistance activities. Case studies of recent experiences with capital controls in Chile, Colombia, Malaysia, and Venezuela are presented.