Abstract
During the 1990s, a number of developing countries took major steps towards liberalizing their capital accounts. In a context of increasing availability of international capital, the liberalization process resulted in these countries attracting large amounts of capital flows. In the second half of the 1990s these countries faced major capital flow reversals which in many cases resulted in deep financial crises. Because liberalization was associated with so many crises, a great deal of work has been done on the topic.1
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© 2008 Ricardo Gottschalk and Cecilia Azevedo Sodré
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Gottschalk, R., Sodré, C.A. (2008). The Liberalization of Capital Outflows in Brazil, India and South Africa since the early 1990s. In: Arestis, P., de Paula, L.F. (eds) Financial Liberalization and Economic Performance in Emerging Countries. Palgrave Macmillan, London. https://doi.org/10.1057/9780230227743_5
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DOI: https://doi.org/10.1057/9780230227743_5
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