Capital Account Liberalization: Theory, Evidence, and Speculation
NBER Working Paper No. 12698
---- Acknowledgements ----
I gratefully acknowledge financial support from an NSF CAREER Award, the John and Cynthia Fry Gunn Faculty Fellowship, and the Freeman Spogli Institute for International Studies. I thank Anusha Chari, Roger Gordon, Diana Kirk, John McMillan, Paul Romer, and two anonymous referees for helpful comments. Diego Sasson provided excellent research assistance. Finally, I thank Sir K. Dwight Venner and the Research Department of the Eastern Caribbean Central Bank for hosting me in the summer of 1994, when I first started thinking about the issues addressed in the paper.