Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/126387
Authors: 
Ocampo, José Antonio
Year of Publication: 
2015
Series/Report no.: 
WIDER Working Paper 2015/048
Abstract: 
This paper reviews the history and controversies associated with capital account management. It first looks at the transition from the acceptance at the Bretton Woods conference of capital account regulations as a normal policy instrument to the liberalization of the capital account, first in developed countries and later in developing countries. This is followed by an analysis of the risks of capital account liberalization, particularly for emerging and developing countries, and the role and experience of capital account regulations as a complementary instrument of counter-cyclical macroeconomic policy, and as a financial stability tool - as part of the family of 'macroprudential regulations'.
Subjects: 
capital account regulations
capital account management
capital account liberalization
JEL: 
F02
F33
F36
ISBN: 
978-92-9230-937-4
Document Type: 
Working Paper

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