01695cas a2200241 a 4500 AALejournalIMF007872 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451846324 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Measures to Limit the offshore Use of Currencies : Pros and Cons. Washington, D.C. : International Monetary Fund, 2001. 1 online resource (54 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 Several Asian emerging market economies have recently adopted measures to limit the offshore trading of their currencies. This paper provides a general overview of such measures and evaluates the experiences of selected countries that resorted to such measures. It concludes that the measures could be effective if they were comprehensive and effectively enforced, and were accompanied by consistent macroeconomic policies and structural reforms. Such measures, however, could adversely affect investor confidence, financial market development, and nonspeculative economic and financial activities, and impose administrative burden on all parties involved. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2001/043 Full text available on IMF http://elibrary.imf.org/view/journals/001/2001/043/001.2001.issue-043-en.xml IMF e-Library