This paper examines issues in sequencing and pacing capital account liberalization and draws lessons from experience in four countries (Chile, Indonesia, Korea,

This volume contains country experiences explained by policy makers and studies by leading experts on causes and consequences of capital flows as well as polici

Capital account liberalization - orderly, properly sequence, and befitting the individual circumstances of countries- is an inevitable step for all countries wi

Financial sector liberalization can spur economic growth and development, but reforms to liberalize the financial sector can also entail risks if they are not p

The right of governments to employ capital controls has always been the official orthodoxy of the International Monetary Fund, and the organization's formal rul