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• W655992040 abstract "In the late 1980s and the early 1990s, many nations began implementing a wave of economic reforms. Among those reforms was capital-account liberalization. As a result, international financial markets are substantially more active today than 20 years ago, although there are still many countries with various sorts of capital controls. Economic theory predicts that a complete opening of all financial markets should be welfare-improving; intertemporal consumption smoothing, consumption insurance, and better allocation of investment across countries would presumably all contribute their share to" @default.
• W655992040 created "2016-06-24" @default.
• W655992040 creator A5071123990 @default.
• W655992040 date "2005-03-01" @default.
• W655992040 modified "2023-09-27" @default.
• W655992040 title "Limited Participation, Income Distribution and Capital-Account Liberalization: Working Paper 2005-02" @default.
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