Financial Liberalization and Adjustment in Chile and New Zealand
By Paul D. McNelis, Klaus Schmidt-Hebbel
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Liberalization of the capital account does not eliminate volatility. Rather, it shifts it from the domestic interest rate to the real exchange rate.
Book Details
- Country: US
- Published: 1992
- Publisher: World Bank Publications
- Author(s):Paul D. McNelisKlaus Schmidt-Hebbel
- Language: English
- Pages: 52
- Available Formats:PDF
- Reading Modes:Image