At the beginning of the 1990s, policy doctors were almost unanimous in advocating a strong dose of capital and financial market liberation for developing countries as a way to improve their prospects ...

A fundamental issue in undertaking capital account liberalization is how to reap the benefits from capital market access while coping safely with the risks associated with international capital flows.

Should governments be permitted, or even encouraged, to try to control the movement of financial capital into and out of their countries? Unlike in the area of foreign trade, in which the presumption ...

Four securities industry associations have joined forces in calling for the liberalization of trade in financial services and providing a roadmap to achieve that goal. The four trade groups, the ...

Financial liberalization in China has broad implications, including changing how its central bank’s monetary policy affects the nation’s economy. An estimate of Chinese economic activity and inflation ...

Since September 2013 China has been operating a new form of free trade zone (FTZ) based in a small area of Shanghai, called the China (Shanghai) Pilot Free Trade Zone (SPFTZ). Only 28 square ...

When members of Ethiopia’s banking and business community gathered in the glitzy Sheraton Addis for an audience with the reform-minded new prime minister, Abiy Ahmed, in the middle of April, any hopes ...

The Chinese Communist Party’s prioritizing of political control over economic efficiency stands in the way of China’s rise in global finance. The central bank announcement points to an important ...

A fundamental issue in undertaking capital account liberalization is how to reap the benefits from capital market access while coping safely with the risks associated with international capital flows.