00983pab a2200145 454500008004000000100002400040245007500064260000900139300001600148362001100164520058000175650001900755650002900774773003400803180718b2002   xxu||||| |||| 00| 0 eng d  aRajan, Ramkishen S.  aInternational financial liberalisation: lessons from recent experience  c2002  ap.3017-021.  a20 Jul  aTheory offers a number of plausible benefits from international financial liberalisation. However, a careful examination  of available empirical literature on the subject suggests much less reason to be sanguine about the benefits. In view of the widely-noted concerns regarding short-term indebtedness, a strong case can be made for the setting of prudential limits on the amount of short-term debt that a country can accumulate. Somewhat less clear is what steps need to be taken  to reduce vulnerability due to uncovered long-term foreign currency borrowing. - Reproduced.  aLiberalization  aFinancial administration  aEconomic and Political Weekly