search query: @indexterm Capital account / total: 13
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| Author: | Sell, F. |
| Title: | "True financial opening up": the analysis of capital account liberalization in a general equilibrium framework |
| Journal: | Developing Economies
1994 : MAR, VOL. 32:1, p. 13-36 |
| Index terms: | EQUILIBRIUM ANALYSIS CAPITAL ACCOUNT FINANCE |
| Language: | eng |
| Abstract: | The concept of "true financial opening up" is an application of the "true exposure" setting to the analysis of capital account liberalization under varying trade regimes in developing countries. The present paper has put forward the "true circumstances" (high external debt, liquidity constraints, capital flight, and black market premium) of a CAL in LDCs, occurring nowadays. Price, exchange rate, and production effects of a CAL have also been analyzed. |
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