Capital account liberalization and management

Arbeitspapier

This paper reviews the history and controversies associated with capital account management. It first looks at the transition from the acceptance at the Bretton Woods conference of capital account regulations as a normal policy instrument to the liberalization of the capital account, first in developed countries and later in developing countries. This is followed by an analysis of the risks of capital account liberalization, particularly for emerging and developing countries, and the role and experience of capital account regulations as a complementary instrument of counter-cyclical macroeconomic policy, and as a financial stability tool - as part of the family of 'macroprudential regulations'.

Angaben zum Objekt

• ISBN: 978-92-9230-937-4
• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: WIDER Working Paper ; No. 2015/048

Klassifikation und Themen

• Klassifikation: Wirtschaft ; International Economic Order and Integration ; International Monetary Arrangements and Institutions ; Financial Aspects of Economic Integration
• Thema: capital account regulations ; capital account management ; capital account liberalization

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Ocampo, José Antonio
• Ereignis: Veröffentlichung
• (wer): The United Nations University World Institute for Development Economics Research (UNU-WIDER)
• (wo): Helsinki
• (wann): 2015

Weitere Informationen

• DOI: doi:10.35188/UNU-WIDER/2015/937-4
• Handle: http://hdl.handle.net/10419/126387
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ