Mc Nelis, Paul; Schmidt, Klaus. <br/><br/>
Financial liberalisation and adjustment in Chile and New Zealand. 

 - Washington :  World Bank,  1992. 
<br/><br/> 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. 
<br/><br/><label>Subjects--Topical Terms: </label><br/>Financial Policy.<br/>Liberalisation -- Structural adjustment -- Chile -- New Zealand/.--Liberalisation -- Structural adjustment -- Chile -- New Zealand/.--Liberalisation -- Structural adjustment -- Chile -- New Zealand/.--Liberalisation -- Structural adjustment -- Chile -- New Zealand/.