Capital Account Regimes and the Developing Countries: Issues and Approaches

  • G. K. Helleiner


Debate over the role of volatile private capital flows in international payments and appropriate government policies relating to them has a long history. The League of Nations produced an influential study of exchange-rate experience in the interwar period that addressed some of these issues (Nurkse, 1944); policy debate thereon sharpened in the preparations for (and at) the Bretton Woods conference in 1944; and it resurfaced repeatedly as current and capital account convertibility was restored to an increasing number of developed countries in the post Second World War period (Helleiner, 1994).


Foreign Direct Investment International Monetary Fund Capital Flow Capital Inflow Private Capital 
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© United Nations Conference on Trade and Development 1999

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  • G. K. Helleiner

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