Financial opening in developing countries |
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| Authors: | Bernhard Fischer Helmut Reisen |
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| Institution: | 1. Hamburg Institute for Economic Research (HWWA), Hamburg, Germany
2. OECD Development Centre, Paris, France
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| Abstract: | Many developing countries are currently considering liberalisation of external capital flows. While the ultimate objective of financial opening is to raise efficiency and growth, the reform process must be carefully designed to achieve these results. A recent conference has discussed the policy choices. |
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