This book compares and contrasts the theoretical paradigm and empirical evidence on merits of capital account liberalization and the role of capital account management. The debates are focused on how to attract larger flows of capital to finance investment while safeguarding macro-management and...
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This book compares and contrasts the theoretical paradigm and empirical evidence on merits of capital account liberalization and the role of capital account management. The debates are focused on how to attract larger flows of capital to finance investment while safeguarding macro-management and averting sudden stops, flight to quality and resulting destabilizing forces to the economy.
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