Capital Account Convertibility: Review of Experience and Implications for IMF Policies by Owen Evens

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Capital Account Convertibility: Review of Experience and Implications for IMF Policies

The paper summarizes the main issues arising from experiences of industrial and developing countries with capital account liberalization and it examines the IMF's treatment of capital controls in its surveillance, use of IMF resources, and technical assistance activities. Case studies of recent experiences with capital controls in Chile, Colombia, Malaysia, and Venezuela are presented.

Publisher: International Monetary Fund ISBN: 9781452754017 Pages: 56