Research Department, Central Bank of Nigeria
Capital account, Emerging market, Capital account liberalization
The liberalization of the capital account of the balance of payments is rooted in economic theory and is said, can help to bridge savings and foreign exchange gaps in national economics thereby promoting national growth. In the light of the foregoing, this paper explores the experiences of the developing countries in particular, the emerging market economies, in capital account liberalization.
Obadan, Mike I. (2006).Capital account liberalization: experience from the emerging market economies. Economic and Financial Review 44(4)