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Capital Account Convertibility A New Model for Developing Countries

This paper analyzes issues for developing countries considering a move to capital account convertibility. It reviews the relevant literature, including arguments for sequencing, and analyses in a series of charts various features of the foreign exchange market impact of removing controls, as against...

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Bibliographic Details
Main Author: Quirk, Peter
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1994
Series:IMF Working Papers
Subjects:
Exchange Rate Arrangements
Currency; Foreign Exchange
Balance Of Payments
Long-term Capital Movements
Exports And Imports
International Economics
Foreign Exchange
Capital Inflows
Capital Controls
Capital Movements
Exchange Rates
Exchange Restrictions
International Investment
Indonesia
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper analyzes issues for developing countries considering a move to capital account convertibility. It reviews the relevant literature, including arguments for sequencing, and analyses in a series of charts various features of the foreign exchange market impact of removing controls, as against the alternative of foreign exchange intervention. Finally, it examines recent experiences of capital account liberalization by developing countries in the context of multi-pronged stabilization programs
Physical Description:26 pages
ISBN:9781451955118

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