The global financial crisis and its aftermath saw boom-bust cycles
in cross-border capital flows of astounding magnitude. Issues of
capital account liberalization and the imposition of capital
controls are back in the headlines, and on researchers' agendas.
This comprehensive and timely research review covers many of the
themes central to the issue of capital account liberalization, and
provides a balanced assessment of the role that capital controls
might play in the effective management of capital flows to reap
their benefits.
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