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VI Capital Account Liberalization in Selected Asian Crisis Countries

VI Capital Account Liberalization in Selected Asian Crisis Countries »

Source: Exchange Rate Arrangements and Currency Convertibility : Developments and Issues

Series: World Economic and Financial Surveys

Author(s): R. Johnston , and Mark Swinburne

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 September 1999

ISBN: 9781557757951

Keywords: foreign exchange, exchange rate, foreign exchange market, interbank market

Capital account liberalization is generally seen as a beneficial move for an economy. In opening the capital account it is also necessary, however, to anticipate and minimize the risks that such liberalizati...