Capital Account Liberation
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Most countries emerged from the Second World War with capital accounts that were closed to the rest of the world. Since then, a process of capital account openi
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Along with the development of economic globalization, many countries have begun to relax their controls on their capital accounts. However, the recent financial
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This paper examines the distributional impact of capital account liberalization. Using panel data for 149 countries from 1970 to 2010, we find that, on average,
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This paper reviews the experience with capital controls in industrial and developing countries, considers the policy issues raised when the effectiveness of cap
