This book looks at situations where a dramatic transformation of the political environment made existing institutions obsolete. It explores the use of capital controls in the reforming economies of the formerly communist countries.

chapter |12 pages

Introduction and Overview

ByChristine P. Ries

chapter 1|4 pages

Orthodoxy Is Right: Liberalize the Capital Account Last

ByJohn Williamson

chapter 2|15 pages

Reality and the Logic of Capital Flow Liberalization

ByManuel Guitián

chapter 3|12 pages

Preconditions for Liberalization of Capital Flows: A Review and Interpretation

ByClas Wihlborg, Kalman Dezseri

chapter 4|17 pages

The Information Costs of Capital Controls

ByRichard J. Sweeney

chapter 6|22 pages

Capital Controls and Corporate Investment Behavior

ByChristine P. Ries

chapter 7|25 pages

Capital Account Liberalization and Policy Incentives: An Endogenous Policy View

ByClas Wihlborg, Thomas D. Willett