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The opening of new markets to foreign issuers : what has changed in the new millennium? (Английский)

The removal of capital controls is one of the most powerful economic policy moves a government can undertake, after it has achieved a reasonable degree of macroeconomic stability, liberalized its domestic financial markets, and reduced local industry protection to get ready for international competition. It has historically been the case that governments have adopted a gradual, sequential, approach to financial liberalization. In this sequence, one...
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