Capital account liberalization and financial sector stability
By: by a staff team led by Shogo Ishii and Karl Habermeier, with Jorge Iván Canales-Kriljenko ... [et al.].
Contributors: Ishii, Shogo.; Habermeier, Karl Friedrich; Canales-Kriljenko, Jorge Iván
Series: Occasional paper / International Monetary Fund ;; 211; Occasional paper (International Monetary Fund) ;; 211.
Publisher: International Monetary Fund
Published: 2002
Place of publication: Washington, DC
Language: eng
Number of pages: 94
Subjects: Capital movements; Capital market; Financial institutions -- State supervision; Banks and banking -- State supervision; Financial crises; Monetary policy; International finance
Notes: Includes bibliographical references (p. 90-92).
Table of contents: title: Machine generated contents note: Part I.A Framework for Sequencing; title: I Overview 3; title: 11 Analytical Issues 5; title: Sources of Financial Sector Instability 5; title: Linkages of Financial Sector Instability with Capital; title: Account Liberalization 6; title: Contagion and the Influence of Size and Openness 12; title: III Sequencing Capital Account Liberalization; title: with Other Reforms 14; title: Sequencing: Insights from Country Experiences 14; title: General Principles for Sequencing 17; title: IV A Suggested Methodology for Sequencing 19; title: Applying the Methodology-An Example 21; title: Part II.The Prudential Framework and Capital Account Liberalization; title: V The General Framework for Financial Sector Stability 31; title: Development of Financial Markets and Institutions 32; title: Prudential Regulation and Supervision: General Issues 33; title: Improved Risk Management by Financial Institutions 34; title: Capital Controls and Prudential Policies 35; title: Accounting, Auditing, and Disclosure 37; title: Financial Safety Nets and Resolution Policies 37; title: VI Prudential Regulation and Supervision of; title: Cross-Border Transactions 40; title: Prudential Regulation and Supervision of Banks 40; title: Prudential Aspects of Offshore Financial Centers 46; title: Nonbank Financial Institutions 47; title: Supervisory Practices 48; title: Part III.Selected Country Experiences with Capital Account; title: Liberalization and Financial Sector Stability; title: VII Countries That Avoided a Financial Crisis 53; title: Austria: Integration into Regional and Global Markets 53; title: Hungary: Resilience to Contagion from the 1998 Russian Crisis 56; title: South Africa: Contagion from the 1997-98 Financial Crises 59; title: United Kingdom: The 1992 ERM Crisis 63; title: VIII Countries That Experienced a Financial Crisis 68; title: Korea: The 1997 Twin Crises 68; title: Mexico: The 1994-95 Crisis 72; title: Sweden: The Early 1990s Twin Crises 78; title: Turkey: The 1994 and 2000 Crises 81; title: Paraguay: The 1995-98 Financial Sector Crisis 85.