Financial liberalisation refers to the process of reducing government controls over domestic financial markets and removing restrictions on cross-border capital movements. Advocates argue that ...

A fundamental issue in undertaking capital account liberalization is how to reap the benefits from capital market access while coping safely with the risks associated with international capital flows.

At the beginning of the 1990s, policy doctors were almost unanimous in advocating a strong dose of capital and financial market liberation for developing countries as a way to improve their prospects ...

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those ...

Should governments be permitted, or even encouraged, to try to control the movement of financial capital into and out of their countries? Unlike in the area of foreign trade, in which the presumption ...

Financial liberalization in China has broad implications, including changing how its central bank’s monetary policy affects the nation’s economy. An estimate of Chinese economic activity and inflation ...

The Centre may push some pending legislative reforms, including liberalisation of the insurance sector, creation of a national financial information registry and streamlining of provisions of the ...

Since September 2013 China has been operating a new form of free trade zone (FTZ) based in a small area of Shanghai, called the China (Shanghai) Pilot Free Trade Zone (SPFTZ). Only 28 square ...

In the wake of the east Asian financial crisis in mid-July 1997, not only were the initial policy initiatives taken by the Malaysian government to counter portfolio capital flight ill-conceived, the ...

SURELY not, I hear you say. After all, financial liberalisation is now more or less a swear word in policy cicles, right? But not, apparently, in Malaysia, whose central bank, according to Reuters, ...