Capital Market Liberalization and Exchange Rate Regimes: Risk without Reward
نویسندگان
چکیده
منابع مشابه
THE ANNALS OF THE AMERICAN ACADEMY RISK WITHOUT REWARD Capital Market Liberalization and Exchange Rate Regimes: Risk without Reward
This paper examines the consequences of capital market liberalization, with special reference to its effects under different exchange rate regimes. Capital market liberalization has not lead to faster growth in developing countries, but has led to greater risks. It describes how International Monetary Fund policies have exacerbated the risks, as a result of the macro-economic response to crises...
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ژورنال
عنوان ژورنال: The Annals of the American Academy of Political and Social Science
سال: 2002
ISSN: 0002-7162,0000-0000
DOI: 10.1177/000271602128748697