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Countries need suitable mechanisms for balancing the risks and benefits of financial openness, including mechanisms through which to provide insurance to citizens, through the marketplace or through redistributive policy, and thus to avert political pressure for capital controls. Capital mobility as a policy objective gained currency and support only after significant trade liberalization and only in democratic countries that had established the ability to repond to citizens' demands for national economic security.
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Managing risks of capital mobility
1999, World Bank, World Bank Institute, Governance, Regulation, and Finance
in English
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Washington, DC
Edition Notes
Includes bibliographical references (p. 25-27).
"October 1999"--Cover.
Also available on the World Wide Web.
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- Created April 1, 2008
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September 14, 2020 | Edited by MARC Bot | import existing book |
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October 29, 2008 | Edited by ImportBot | Found a matching record from Scriblio . |
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