Limited Participation, Income Distribution and Capital-Account Liberalization: Working Paper 2005-02

Eva de Francisco ()

No 16302, Working Papers from Congressional Budget Office

Abstract: In the late 1980s and the early 1990s, many nations began implementing a wave of economic reforms. Among those reforms was capital-account liberalization. As a result, international financial markets are substantially more active today than 20 years ago, although there are still many countries with various sorts of capital controls. Economic theory predicts that a complete opening of all financial markets should be welfare-improving; intertemporal consumption smoothing, consumption insurance, and better allocation of investment across countries would presumably all

Date: 2005-03-01
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.cbo.gov/sites/default/files/109th-cong ... gpaper/2005-02_0.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cbo:wpaper:16302

Access Statistics for this paper

More papers in Working Papers from Congressional Budget Office Contact information at EDIRC.
Bibliographic data for series maintained by ().