01892cas a2200253 a 4500 AALejournalIMF001778 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451973754 1018-5941 BD-DhAAL BD-DhAAL Mathieson, Donald. Liberalization of the Capital Account : Experiences and Issues / Donald Mathieson, Liliana Rojas-Suarez. Washington, D.C. : International Monetary Fund, 1992. 1 online resource (60 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper reviews the experience with capital controls in industrial and developing countries, considers the policy issues raised when the effectiveness of capital controls diminishes, examines the medium-term benefits and costs of an open capital account, and analyzes the policy measures that could help sustain capital account convertibility. As the effectiveness of capital controls eroded more rapidly in the 1980s than in earlier periods, new constraints were placed on the formulation of stabilization and structural reform programs. However, experience suggests that certain macroeconomic, financial, and risk management policies would allow countries to attain the benefits of capital account convertibility and reduce the financial risks created by an open capital account. Mode of access: Internet Rojas-Suarez, Liliana. IMF Working Papers; Working Paper ; No. 1992/046 Full text available on IMF http://elibrary.imf.org/view/journals/001/1992/046/001.1992.issue-046-en.xml IMF e-Library