Capital Account Liberalization: Theoretical and Practical Aspects
Capital Account Liberalization: Theoretical and Practical Aspects
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资本账户自由化:理论和实践方面
DOI:
10.5089/9781557757777.084
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发表时间:
1998
期刊:
影响因子:
--
通讯作者:
E. Detragiache
中科院分区:
文献类型:
--
作者:
Michael L. Mussa;Giovanni Dell'Ariccia;Barry Eichengreen;E. Detragiache
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.