How Risky is Financial Liberalization in the Developing.pdf

UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT CENTER FOR INTERNATIONAL DEVELOPMENT UNITED NATIONS HARVARD UNIVERSITY G-24 Discussion Paper Series How Risky is Financial Liberalization in the Developing Countries? Charles Wyplosz No. 14, September 2001 UNITED NATIONS CONFERENCE ON CENTER FOR INTERNATIONAL DEVELOPMENT TRADE AND DEVELOPMENT HARVARD UNIVERSITY G-24 Discussion Paper Series Research papers for the Intergovernmental Group of Twenty-Four on International Monetary Affairs UNITED NATIONS New York and Geneva, September 2001 Note Symbols of United Nations documents are composed of capital letters combined with figures. Mention of such a symbol indicates a reference to a United Nations document. * * * The views expressed in this Series are those of the authors and do not necessarily reflect the views of the UNCTAD secretariat. The designations employed and the presentation of the material do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries. * * * Material in this publication may be freely quoted; acknowl- edgement, however, is requested