It has generally been considered that the opening of the economy to the rest of the world is an integral part of any economic reform aiming at increasing the role of markets in LDCs. Until recently, however, very little discussion has been devoted to the order in which the capital and current account should be liberalized. This paper deals with several aspects of the order of liberalization. First, the brief literature is critically reviewed. Second...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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1984/12/31
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Рабочий документ персонала
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SWP710
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1
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1
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2010/07/01
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The order of liberalization of the current and capital accounts of the balance of payments : should the current account be opened up first?
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capital account
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