9 The Issue of Capital Account Convertibility: A Gap Between Norms and Reality
Author:
Mr. Manuel Guitián https://isni.org/isni/0000000404811396 International Monetary Fund

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Language:
English
Print Publication Date:
05 Nov 1996
Keywords:
BOOK; convertibility; market; current account convertibility; economy; exchange rate; capital transaction; economic system; capital restriction; inflation control; transaction liberalization; Capital controls; Capital flows; Current account; Capital account; Exchange rate flexibility; Global

Abstract

An important feature of the international financial code of conduct established at the Bretton Woods Conference toward the end of World War II was the acceptability of controls and restrictions on international capital flows. Specifically, the Articles of Agreement of the International Monetary Fund, which contain such a code of conduct, prescribe that

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Cover Currency Convertibility in the Middle East and North Africa
Currency Convertibility in the Middle East and North Africa
ISBN:
9781557755643
Publication Date:
05 Nov 1996
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557755643.071
Pages:
203