"Capital Market Liberalization, Economic Growth and Instability"
©
World Development,
2000
Volume: 28
|
Issue: 6
|
Pages: 1075-86
Publication type: Journal article
Research Archive Topic: Business Economics and Public Policy, Capital Markets and Investments, World Business
Abstract
This paper reviews briefly the arguments for capital market liberalization, and identifies their theoretical and empirical weaknesses. This provides the foundations for the argument for intervention in short-term capital flows. The paper concludes with a brief discussion of the various ways in which such interventions may be implemented.
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