Series: Policy Papers
Author(s): International Monetary Fund. Monetary and Capital Markets Department;International Monetary Fund. Strategy, Policy, & Review Department;International Monetary Fund. Research Dept.;International Monetary Fund. Legal Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 14 March 2012
Keywords: Background papers, Capital controls, Capital flows, Capital outflows, Developing countries, Emerging markets, Iceland, Korea, Republic of, Russian Federation, Ukraine
Liberalization of capital flows can benefit both source and recipient countries by improving resource allocation, reducing financing costs, increasing competition and accelerating the development of domestic financ...