Capital flow and soundness of regulation
Letter from Robert Hunter Wade, Professor of Political Economy, Development Studies Institute, London School of Economics, London WC2A 2AE.
Sir, You say ("Argentina and the markets", 4 January) that developing countries should not abandon the goal of an open capital account but go on to warn that "they should not embark on capital account liberalisation before they are sure their banking systems are well capitalised and
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