Managing the Process of Removing Capital Controls: What Does the Literature Suggest?

Winston Moore

MPRA Paper from University Library of Munich, Germany

Abstract: Economic theory suggests that opening the capital account should allow a country to diversify away economic shocks, increase capital inflows, expand economic growth and efficiency and encourage governments to pursue good policies, the empirical evidence with regard to these theoretical predictions are in some instances debatable. Many studies, for example, have reported mixed results as it relates to the impact of capital account integration on growth, exchange rates, trade and policy discipline. This paper provides a review of this literature as well as some policy for policymakers in relation to managing the process of removing capital controls.

Keywords: Capital Controls; Liberalisation; Policy Options (search for similar items in EconPapers)
JEL-codes: F3 F4 O2 (search for similar items in EconPapers)
Date: 2010-02-12
New Economics Papers: this item is included in nep-ifn
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: MANAGING THE PROCESS OF REMOVING CAPITAL CONTROLS: WHAT DOES THE LITERATURE SUGGEST? (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:21584

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