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OverviewAfter the industrial countries established current account convertibility in the late 1950s, they began to phase out their capital controls. Their efforts were slow and tentative at first, but built up considerable momentum by the 1980s as market-oriented economic policies gained popularity. This paper describes how national policymakers' views of capital controls shifted over time, and how these controls have been closely related to regulation in other policy areas, such as banking and financial markets. As developing countries seek to liberalize their capital accounts to obtain the benefits of increased integration with the global economy, what lessons can be drawn from industrial countries' diverse experiences with capital controls, and how can a country's liberalization measures be sequenced to minimize disturbances to its exchange rate and monetary policies? Full Product DetailsAuthor: Age Bakker , Bryan Chapple , International Monetary FundPublisher: International Monetary Fund (IMF) Imprint: International Monetary Fund (IMF) Volume: No. 214 ISBN: 9781589061170ISBN 10: 1589061179 Pages: 56 Publication Date: 30 September 2002 Audience: Professional and scholarly , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: In Print This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |