Capital Account Liberalization and Growth: Was Mr. Mahathir Right?

Preprint OPEN
Barry Eichengreen; David Leblang;
  • Subject:
    • jel: jel:F3

Much ink has been spilled over the connections between capital account liberalization and growth. One reason that previous studies have been inconclusive, we show, is their failure to account for the impact of crises on growth and for the capacity of controls to limit t... View more
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