The order of liberalization of the current and capital accounts of the balance of payments : should the current account be opened up first? (English)

It has generally been considered that the opening of the economy to the rest of the world is an integral part of any economic reform aiming at increasing the role of markets in LDCs. Until recently, however, very little discussion has been devoted to the order in which the capital and current account should be liberalized. This paper deals with several aspects of the order of liberalization. First, the brief literature is critically reviewed. Second...

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Author

Edwards,Sebastian;
Document Date
1984/05/31
Document Type
Departmental Working Paper
Report Number
CPD8411
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2017/11/23
Disclosure Status
Disclosed
Doc Name
The order of liberalization of the current and capital accounts of the balance of payments : should the current account be opened up first?
Keywords
capital account

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Citation

Edwards,Sebastian.

The order of liberalization of the current and capital accounts of the balance of payments : should the current account be opened up first? (English). Country Policy Department discussion paper|no. CPD 8411 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/482721492122178274

The order of liberalization of the current and capital accounts of the balance of payments : should the current account be opened up first? (English)

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