Currency Convertibility and the Fund [electronic resource] : Review and Prognosis / Vicente Galbis.
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TextSeries: IMF Working Papers; Working Paper ; No. 96/39Publication details: Washington, D.C. : International Monetary Fund, 1996Description: 1 online resource (64 p.)ISBN: 1451845782 :ISSN: 1018-5941Subject(s): Capital Account Convertibility | Capital Controls | Capital Movements | Exchange Rate | Exchange Restrictions | Bulgaria | Czech Republic | El Salvador | Slovak Republic | United KingdomAdditional physical formats: Print Version:: Currency Convertibility and the Fund : Review and PrognosisOnline resources: IMF e-Library | IMF Book Store Abstract: This paper reviews experience with currency convertibility on both the current and capital accounts, with particular attention to the Fund's concepts and policy implications. After discussing the basic concepts of convertibility, the paper reviews the experience with convertibility in three groups of Fund members--industrial countries, developing countries, and transition countries. The paper also discusses some policy options designed to encourage acceptance of convertibility by Fund members that have not yet done so.
This paper reviews experience with currency convertibility on both the current and capital accounts, with particular attention to the Fund's concepts and policy implications. After discussing the basic concepts of convertibility, the paper reviews the experience with convertibility in three groups of Fund members--industrial countries, developing countries, and transition countries. The paper also discusses some policy options designed to encourage acceptance of convertibility by Fund members that have not yet done so.
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