Inherent in pursuing openness to international capital flows is an awareness that it brings both benefits and risks. Much of the current debate is about how best to balance them. Major benefits for developing countries include access to a broader menu of investment sources, options, and instruments, as well as enhanced efficiency of domestic financial institutions and the discipline of capital markets in conducting domestic macroeconomic policy. By...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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1999/10/31
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Рабочий документ в рамках исследования вопросов политики
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WPS2199
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1
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1
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2010/07/01
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Managing risks of capital mobility
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capital control
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