Add to ORKGLiberalization of the capital account does not eliminate volatil-ity. Rather, it shifts it from the domestic interest rate to the real exchange rate. PolicyReseardc Woring Papers dilmninate the fndings of work io proVes and encouge the exhange of ideas amongBank staff and dllotheraintatred in developmentissues.Thesepapers, distributedbytheResearchAdvisoly Staff,cany thenamesoftheauthors,reflect only beirnews, and shoul Worused ankd ited acordongly. Iheofindings, inumations, an oiuthos'own. They shod not be attributed to the Woild Bank, its Board of Diretws, its managenmn, or any of its member countries. Pu bl ic Di sc lo su re A ut ho riz ed Pu bl ic Di sc lo su re A ut ho riz ed Pu bl ic Di sc lo su re A ut ho riz ed Pu bl ic Di sc lo...
This Working Paper should not be reported as representing the views of the IMF. The views expressed ...
A study of 53 countries during 1980-95 finds that financial liberalization increases the probability...
Abstract: Since August 1990, the Peruvian economy has been undergoing a structural adjustment that c...
This Policy Discussion Paper should not be reported as representing the views of the IMF. The views ...
Higher real interest rates increase financial intermediation, which in turn raises the rate of econo...
Many economies would benefit from less government interven-tion in financial markets, but the prescr...
After the industrial countries established current account convertibility in the late1950s, they beg...
This paper pursues a twofold objective. First, the paper is in interested in understanding how the I...
Financial market liberalizations are an integral part of economic development. While initial booms i...
Liberalization of the labor market would substantially reduce or prevent overvaluation of the real e...
Few topics in macroeconomics are as contentious as capital account liberalization and exchange rate ...
This Working Paper should not be reported as representing the views of the IMF. The views expressed ...
This paper shows that the type of production technology, specifically whether it exhibits decreasing...
This paper examines how a country’s exchange rate policy should be adjusted when the degree of integ...
The paper is going to review some of the evidence that has been provided so far on the practical eff...
This Working Paper should not be reported as representing the views of the IMF. The views expressed ...
A study of 53 countries during 1980-95 finds that financial liberalization increases the probability...
Abstract: Since August 1990, the Peruvian economy has been undergoing a structural adjustment that c...
This Policy Discussion Paper should not be reported as representing the views of the IMF. The views ...
Higher real interest rates increase financial intermediation, which in turn raises the rate of econo...
Many economies would benefit from less government interven-tion in financial markets, but the prescr...
After the industrial countries established current account convertibility in the late1950s, they beg...
This paper pursues a twofold objective. First, the paper is in interested in understanding how the I...
Financial market liberalizations are an integral part of economic development. While initial booms i...
Liberalization of the labor market would substantially reduce or prevent overvaluation of the real e...
Few topics in macroeconomics are as contentious as capital account liberalization and exchange rate ...
This Working Paper should not be reported as representing the views of the IMF. The views expressed ...
This paper shows that the type of production technology, specifically whether it exhibits decreasing...
This paper examines how a country’s exchange rate policy should be adjusted when the degree of integ...
The paper is going to review some of the evidence that has been provided so far on the practical eff...
This Working Paper should not be reported as representing the views of the IMF. The views expressed ...
A study of 53 countries during 1980-95 finds that financial liberalization increases the probability...
Abstract: Since August 1990, the Peruvian economy has been undergoing a structural adjustment that c...