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'This collection provides an excellent account of the diverging ways countries in varying parts of the world went about liberalizing capital flows. Case studies

This paper reviews the experience with capital controls in industrial and developing countries, considers the policy issues raised when the effectiveness of cap

After the industrial countries established current account convertibility in the late1950s, they began to phase out their capital controls. Their efforts were s

Capital account liberalization - orderly, properly sequence, and befitting the individual circumstances of countries- is an inevitable step for all countries wi