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Author/Editor:
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Eichengreen, Barry J. ; Mussa, Michael ; Dell'Ariccia, Giovanni ; Detragiache, Enrica ; Milesi-Ferretti, Gian Maria ; Tweedie, A. J.
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Publication Date:
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August 04, 2000
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Electronic Access:
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Free Full text
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Summary:
This paper addresses the potential gains and risks of open capital markets by first looking at what classical economic theory suggests about the benefits of capital mobility and then examining the counterarguments arising from problems of incomplete information and other distortions. It shows that the risks of removing controls on flows of capital across national borders are similar to those associated with removing controls on domestic financial institutions. The paper then explores how to manage liberalization to minimize the risks and maximize the benefits.
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Series:
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Economic Issues No. 17
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Subject(s):
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Capital flows
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Czech
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Publication Date:
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August 04, 2000
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ISBN/ISSN:
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ISBN 1-55775-895-6 ; ISSN 1020-8402
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Format:
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¬
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Stock No:
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EIIZA0171996
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Price:
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English
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Publication Date:
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March 16, 1999
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ISBN/ISSN:
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ISBN 1-55775-792-5 ; ISSN 1020-5098
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Format:
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Paper
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Stock No:
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EIIEA0171996
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Pages:
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19
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Price:
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Please address any questions about this title to
publications@imf.org
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