Capital market liberalization, economic growth, and instability

被引：543

作者：

Stiglitz, JE ^{[1
]}

机构：

[1] World Bank, Washington, DC 20433 USA

来源：

WORLD DEVELOPMENT | 2000年 / 28卷 / 06期

关键词：

D O I：

10.1016/S0305-750X(00)00006-1

中图分类号：

F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];

学科分类号：

0201 ; 020105 ; 03 ; 0303 ;

摘要：

This paper reviews briefly the arguments for capital market liberalization, and identifies their theoretical and empirical weaknesses. This provides the foundations for the argument for intervention in short-term capital flows. The paper concludes with a brief discussion of the various ways in which such interventions may be implemented. (C) 2000 Elsevier Science Ltd. All rights reserved.

引用

页码：1075 / 1086

页数：12