Contributions

  • World Bank Institute. Governance, Regulation, and Finance Division. - Contributor

Publication

1999 - World Bank, World Bank Institute, Governance, Regulation, and Finance, Washington, DC, District of Columbia

Language

English

Word Count

7,500 words, Guess

Page Count

30 pages

Identifiers

Description

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.

Subjects

Series Statement

  • Policy research working paper ;
  • 2199
  • Policy research working papers ;

Links

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