Capital Account Liberalization: What Do Cross-Country Studies Tell Us?

Barry Eichengreen

The World Bank Economic Review, 2001, vol. 15, issue 3, 341--365

Abstract: Capital account liberalization, it is fair to say, remains one of the most controversial and least understood policies of our day. One reason is that different theoretical perspectives have very different implications for the desirability of liberalizing capital flows. Another is that empirical analysis has failed to yield conclusive results.

Date: 2001
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