Capital Controls and Exchange Rate Instability in Developing Countries

Reuven Glick and Michael Hutchison

Working Papers from Economisch Institut voor het Midden en Kleinbedrijf-

Abstract: A large literature on the appropriate sequencing of financial liberalization suggests that removing capital controls prematurely may contribute to currency instability. This paper investigates whether legal restrictions on international capital flows are associated with grated currency stability.

Keywords: FINANCIAL POLICY; BALANCE OF PAYMENTS (search for similar items in EconPapers)
JEL-codes: F15 F31 F34 G15 G18 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2000
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Citations: View citations in EconPapers (7)

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Journal Article: Capital controls and exchange rate stability in developing countries (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:midkle:pb00-05

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