How to order
IMF Publications

Staff Discussion Notes in full text
2014 2013 2012 2011 2010 2009 All


Other research-related activities and publications of the IMF can be found at IMF Research


Liberalizing Capital Movements:Some Analytical Issues

Author/Editor: Eichengreen, Barry J. | Mussa, Michael | Dell'Ariccia, Giovanni | Detragiache, Enrica | Milesi-Ferretti, Gian Maria | Tweedie, A. J.
Electronic Access: Free Full Text

Summary: This paper addresses the potential gains and risks of open capital markets by first looking at what classical economic theory suggests about the benefits of capital mobility and then examining the counterarguments arising from problems of incomplete information and other distortions. It shows that the risks of removing controls on flows of capital across national borders are similar to those associated with removing controls on domestic financial institutions. The paper then explores how to manage liberalization to minimize the risks and maximize the benefits.
 
Series: Economic Issues No. 17
Subject(s): Capital flows
 
Czech  
    Published:   August 4, 2000        
    ISBN/ISSN:   ISBN 1-55775-895-6 ; ISSN 1020-8402   Format:   Paper
    Stock No:   EIIZA0171996        
    Price:   Free        
English  
    Published:   March 16, 1999        
    ISBN/ISSN:   ISBN 1-55775-792-5 ; ISSN 1020-5098   Format:   Paper
    Stock No:   EIIEA0171996   Pages:   19
    Price:   Free        
French  
    Published:   August 2, 1999        
    ISBN/ISSN:   ISBN 1-55775-830-1   Format:   Paper
    Stock No:   EIIFA0171996   Pages:   18
    Price:   Free        
     
Please address any questions about this title to publications@imf.org.