Capital Account Convertibility: Review of Experience and Implications for IMF Policies

Owen Evens and Peter Quirk

No 1995/013, IMF Occasional Papers from International Monetary Fund

Abstract: The paper summarizes the main issues arising from experiences of industrial and developing countries with capital account liberalization and it examines the IMF's treatment of capital controls in its surveillance, use of IMF resources, and technical assistance activities. Case studies of recent experiences with capital controls in Chile, Colombia, Malaysia, and Venezuela are presented.

Keywords: OP; capital; control; liberalization; country; capital account restriction; capital account issue; capital transaction; capital control structures; IMF treatment; Capital controls; Capital flows; Capital account; Capital account liberalization; Capital outflows; Baltics; Global; Central and Eastern Europe; Southeast Asia; Australia and New Zealand; Western Hemisphere; Eastern Europe (search for similar items in EconPapers)
Pages: 56
Date: 1995-10-06
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Citations: View citations in EconPapers (20)

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