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Capital Controls and the Gains from Trade in a Business Cycle Model of a Small Open Economy »
Article
Source: IMF Staff papers : Volume 38 No. 3
Volume: 38
Series: IMF Staff Papers
Author(s): International Monetary Fund. Research Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 1991
ISBN: 9781451973136
Keywords: current account, real exchange, real exchange rate, exchange rate, trade liberalization
Trade liberalization in developing countries is frequently opposed on the grounds that, because it is likely to cause a deterioration in the external balance, it may not be a viable policy option for countries faci...