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Capital Account

Capital Account Liberalization: Are There Lessons to be Learned?

Otaviano Canuto | Posted 04.16.2012 | World
Otaviano Canuto

As developing countries continue to expand their global economic weight and their currencies start being used intensively abroad, the issue of capital account liberalization will come to the fore.

What I Learnt in Rio: Discussing Ways to Manage Capital Flows

Olivier Blanchard | Posted 08.03.2011 | Business
Olivier Blanchard

Governments have five tools to adjust to capital flows: monetary policy, fiscal policy, foreign exchange intervention, prudential tools, and capital controls. The challenge is to find, for each case, the right combination.