OECD Development Centre Policy Briefs
- Discontinued
The OECD Development Centre links OECD members with developing and emerging economies and fosters debate and discussion to seek creative policy solutions to emerging global issues and development challenges. OECD Development Centre Policy Briefs summarise conclusions reached for policy makers.
Also available in: French
- ISSN: 20771681 (online)
- https://doi.org/10.1787/20771681
Towards Capital Account Convertibility
• Advanced developing countries are increasingly encouraged to remove existing
capital controls, but mixed experiences with capital account opening caution
that reform must be carefully designed to increase efficiency and growth
without compromising stability
• A gradual dismantling of capital controls is recommended, based on progress
made in tax reform, exchange rate management, enforcement of bank competition
and supervision, and solving domestic banks' bad-loan problems
Also available in: French
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