Capital Account Convertibility
Review of Experience and Implications for IMF Policies

Abstract

The paper summarizes the main issues arising from experiences of industrial and developing countries with capital account liberalization and it examines the IMF's treatment of capital controls in its surveillance, use of IMF resources, and technical assistance activities. Case studies of recent experiences with capital controls in Chile, Colombia, Malaysia, and Venezuela are presented.

Author:
Mr. Owen Evens https://isni.org/isni/0000000404811396 International Monetary Fund

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and
Peter J. Quirk https://isni.org/isni/0000000404811396 International Monetary Fund

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