Managing risks of capital mobility [electronic resource] / Mansoor Dailami.
Material type:
TextSeries: Policy research working papers ; 2199. | World Bank e-LibraryPublication details: Washington, DC : World Bank, World Bank Institute, Governance, Regulation, and Finance, [1999]Description: 30 p. : ill. ; 28 cmSubject(s): Capital market -- Developing countries | Capital movements -- Developing countries | Financial instruments -- Developing countries | Risk management -- Developing countriesAdditional physical formats: Dailami, Mansoor.: Managing risks of capital mobility.Online resources: Click here to access online Also available in print.Summary: Countries need suitable mechanisms for balancing the risks and benefits of financial openness, including mechanisms through which to provide insurance to citizens, through the marketplace or through redistributive policy, and thus to avert political pressure for capital controls. Capital mobility as a policy objective gained currency and support only after significant trade liberalization and only in democratic countries that had established the ability to repond to citizens' demands for national economic security.
"October 1999"--Cover.
Includes bibliographical references (p. 25-27).
Countries need suitable mechanisms for balancing the risks and benefits of financial openness, including mechanisms through which to provide insurance to citizens, through the marketplace or through redistributive policy, and thus to avert political pressure for capital controls. Capital mobility as a policy objective gained currency and support only after significant trade liberalization and only in democratic countries that had established the ability to repond to citizens' demands for national economic security.
Also available in print.
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