Managing risks of capital mobility
By: Mansoor Dailami.
Contributors: World Bank Institute. Governance, Regulation, and Finance Division.
Series: Policy research working paper ;; 2199; Policy research working papers ;; 2199.
Publisher: World Bank, World Bank Institute, Governance, Regulation, and Finance
Published: 1999
Place of publication: Washington, DC
Language: eng
Number of pages: 30
Subjects: Capital movements -- Developing countries.; Financial instruments -- Developing countries.; Capital market -- Developing countries.; Risk management -- Developing countries.
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.
Notes: Includes bibliographical references (p. 25-27).
"October 1999"--Cover.
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