01034pab a2200169 454500 180718b2002 xxu||||| |||| 00| 0 eng d Rajan, Ramkishen S. International financial liberalisation: lessons from recent experience 2002 p.3017-021. 20 Jul Theory 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. Liberalization Financial administration Economic and Political Weekly 53163 53163 53163 0 0 0 0 IIPA IIPA 2018-07-19 Volume no: 37, Issue no: 29 AR53600 2018-07-19 2018-07-19 AR