Capital Account Liberation

This book details the benefits and risks of capital account liberalization and explains how to take an open-door policy, at the appropriate time, in order to reduce the risk to the lowest possible level. Supplying a complete mathematical analysis framework for the study of the problem of capital account liberalization, it presents a few important models that have been developed for the study of capital account liberalization. The book conveys cutting-edge results while providing a general, yet simple analysis framework, enriched with practical experiences from developing countries.