The initial post World War II pursuit of capital account liberalization (CAL) by advanced economies was Europe-centric, with roots in a broader political rather than economic agenda of greater European integration. In continental Europe, CAL was addressed mostly through the adoption of multilateral instruments and codes. In contrast, CAL by the United States and United Kingdom was pursued unilaterally, motivated by their status as global reserve currency...
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2012/02/01
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Informativo
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66926
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1
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2012/02/21
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Disclosed
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Capital account liberalization : does advanced economy experience provide lessons for China?
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Poverty Reduction & Economic Management
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