ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Case against Rushing into Full Capital Account Convertibility

A strong financial sector is required if a nation is to reap the potential gains from trade in assets. In the financial markets, the collapse of a few institutions could lead to a collapse of the entire system. The experience of emerging economies suggests that one should approach the issue of throwing open the capital account with extreme caution.

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