"A survey of the critical factors affecting CAPITAL ACCOUNT LIBERALISATION."
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Date
2007
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
University of the Western Cape
Abstract
The increase in trade, the increasing internationalisation of
production and the improvements in communications, coupled with
legalisation of foreign currency instruments have led to a
liberalisation of the capital account in a growing number of
countries. In line with this trend towards greater reliance on the
open market, many governments of developing countries too, have
considered the possibility of fully opening their capital
accounts. In South Africa the issue was raised again in October
1991 when the financial rand discount dropped to 5.5 percent. This
paper will attempt to provide a background to capital account
liberalisation in general, and South
Description
Doctor Educationis
Keywords
South Africa, Liberalisation, Capital account, Internationalisation