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CAPITAL CONTROLS: MUD IN THE WHEELS OF MARKET EFFICIENCY
CAPITAL CONTROLS MARKET EFFICIENCY capital account
2008/11/6
In the early and mid-1990s, most economists and policymakers
supported rapid capital account liberalization for emerging markets.
Liberalization was expected to have widespread benefits. It was pred...
Monetary Stability, Exchange Rate Regimes, and Capital Controls:What Have We Learned?
Monetary Stability Exchange Rate capital policy conclusions
2008/11/4
Few topics in macroeconomics are as contentious as capital
account liberalization and exchange rate regimes. This article
attempts to briefly summarize what we have learned through the turbulent
19...