Front Matter

Front Matter

Liliana Rojas-Suárez, and Donald Mathieson
Published Date:
March 1993
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    Liberalization of the Capital Account Experiences and Issues

    Donald J. Mathieson and Liliana Rojas-Suarez


    Washington, D.C.

    March 1993

    © 1993 International Monetary Fund

    Library of Congress Cataloging-in-Publication Data

    Mathieson, Donald J.

    Liberalization of the capital account: experiences and issues / by Donald J. Mathieson and Liliana Rojas-Suárez.

    p. cm. — (Occasional paper / International Monetary Fund. ISSN 0251-6365 ; 103)

    Includes bibliographical references.

    ISBN 1-55775-280-X : $15.00

    Capital movements—Government policy. 2. Capital movements—Government policy—Developing countries—Case studies. I. Rojas-Suárez, Liliana. II. Title. III. Series: Occasional paper (International Monetary Fund) ; no. 103.

    HG3891.M37 1993




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    The following symbols have been used throughout this paper:

    • … to indicate that data are not available;

    • — to indicate that the figure is zero or less than half the final digit shown, or that the item does not exist;

    • – between years or months (e.g., 1991–92 or January–June) to indicate the years or months covered, including the beginning and ending years or months;

    • / between years (e.g., 1991/92) to indicate a crop or fiscal (financial) year.

    “Billion” means a thousand million.

    Minor discrepancies between constituent figures and totals are due to rounding.

    The term “country,” as used in this paper, does not in all cases refer to a territorial entity that is a state as understood by international law and practice; the term also covers some territorial entities that are not states, but for which statistical data are maintained and provided internationally on a separate and independent basis.


    This study was prepared by Donald J. Mathieson, Chief of the Developing Country Studies Division in the Research Department, and Liliana Rojas-Suárez. Senior Economist in the Capital Markets and Financial Studies Division of the Research Department. Katia Berruetta and Norma Alvarado provided excellent assistance in typing the text and tables. Claire Adams, Kellett W. Hannah, and Subramanian S. Sriram provided their usual high-quality technical assistance. The authors are also grateful to Elisa Diehl of the External Relations Department, who edited the manuscript and coordinated production of the publication. Alicia Etchebarne-Bourdin, also of the External Relations Department, provided typesetting assistance.

    The study has benefited from the comments of staff in the Research Department and other departments in the IMF. Opinions expressed. however, are those of the authors and do not necessarily reflect the views of the IMF.

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