Financial Liberalization and Adjustment in Chile and New Zealand: Volume 1026
Paul D. McNelis · Klaus Schmidt-Hebbel
Jan 1992 · World Bank Publications
Ebook
52
Pages
About this ebook
Liberalization of the capital account does not eliminate volatility. Rather, it shifts it from the domestic interest rate to the real exchange rate.
Liberalization of the capital account does not eliminate volatility. Rather, it shifts it from the domestic interest rate to the real exchange rate.
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