Working Paper

Liberalization and Regulation of International Capital Flows: Where the Opposites Meet


  • Nunnenkamp
  • P.
Publication Date

The paper discusses the pros and cons of capital account liberalization. Rather than contrasting liberalization and regulation of capital flows as irreconcilable antagonisms, we argue that capital account liberalization requires institutional and regulato


JEL Classification
F30, G18

Key Words

  • Capital account liberalization
  • Financial crises
  • financial regulation
  • international financial architecture