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Financial liberalisation and adjustment in Chile and New Zealand.

By:

Mc Nelis, Paul; Schmidt, Klaus

Material type:

TextPublication details: Washington : World Bank, 1992.Subject(s):

Financial Policy
Liberalisation -- Structural adjustment -- Chile -- New Zealand/. -- Liberalisation -- Structural adjustment -- Chile -- New Zealand/. -- Liberalisation -- Structural adjustment -- Chile -- New Zealand/. -- Liberalisation -- Structural adjustment -- Chile -- New Zealand

Summary: Argues that liberalization of the capital account does not eliminate volatility. Rather, it shifts it from the domestic interest rate to the real exchange rate.

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Argues that liberalization of the capital account does not eliminate volatility. Rather, it shifts it from the domestic interest rate to the real exchange rate.

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