Managing Capital Flows in an Economic Community: The Case of ASEAN Capital account Liberalization

Yung Chul Park and Shinji Takagi
Additional contact information
Yung Chul Park: Asian Development Bank Institute

No 378, ADBI Working Papers from Asian Development Bank Institute

Abstract: The paper uses the emerging Association of Southeast Asian Nations (ASEAN) Economic Community as a motivation to explore the issue of capital flow management in an economic community. Although there is an increasingly shared view that capital flow management measures should be part of the routine policy toolkit of emerging market economies, the logic of an economic community appears incompatible with extensive controls on capital flows. Substantial, if not complete, capital account liberalization must therefore take place across ASEAN.

Keywords: managing capital flows; economic community: asean; capital account liberalization; emerging market economies (search for similar items in EconPapers)
JEL-codes: F33 F36 O53 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2012-09-03
New Economics Papers: this item is included in nep-cwa, nep-ifn and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.adbi.org/files/2012.08.30.wp378.managin ... t.liberalization.pdf Full text (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden (http://www.adbi.org/files/2012.08.30.wp378.managing.capital.flows.asean.account.liberalization.pdf [302 Moved Temporarily]--> https://www.adbi.org/files/2012.08.30.wp378.managing.capital.flows.asean.account.liberalization.pdf [302 Moved Temporarily]--> https://www.adb.org/adbi/files/2012.08.30.wp378.managing.capital.flows.asean.account.liberalization.pdf)

Related works:
Journal Article: Managing Capital Flows in an Economic Community: The Case of ASEAN Capital Account Liberalization (2012)
Working Paper: Managing Capital Flows in an Economic Community: The Case of ASEAN Capital Account Liberalization (2012)
Working Paper: Managing Capital Flows in an Economic Community: The Case of ASEAN Capital Account Liberalization (2012)
Working Paper: Managing Capital Flows in an Economic Community: The Case of ASEAN Capital Account Liberalization (2012)
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:ris:adbiwp:0378

Access Statistics for this paper

More papers in ADBI Working Papers from Asian Development Bank Institute Kasumigaseki Building 8F, 3-2-5, Kasumigaseki, Chiyoda-ku, Tokyo 100-6008, Japan. Contact information at EDIRC.
Bibliographic data for series maintained by ADB Institute ().