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van Wijnbergen, S. and Edwards, S. (1986). The welfare effects of trade and capital market liberalization. International Economic Review, 27(1 (Feb)):141--.


  • Journal
    International Economic Review

Treatise on the welfare effects of trade and capital market liberalization. Consquenses of the capital account liberalization in the presence of trade restrictions; Specifies on the liberalization of trade in the presence of foreign borrowing constraints; Proves superiority of gradual liberalization of trade to an abrupt liberalization.