Capital Flows and Stability of Financial Systems in Emerging Countries

  • André Icard


Many developing countries have made enormous progress in the last decade in nurturing more open and more liberal financial markets. A central aspect of this change has been increased openness to international capital markets, perhaps one of the most momentous reforms in the developing world during the last decade or so.


Capital Market Financial Market Financial System Capital Flow Capital Inflow 
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Copyright information

© Kluwer Academic Publishers 1999

Authors and Affiliations

  • André Icard
    • 1
  1. 1.Bank for International SettlementsUSA

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