01151pab a2200181 454500008004000000100002400040245007500064260000900139300001600148362001100164520058000175650001900755650002900774773003400803909001000837999001700847952010500864180718b2002 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 a53163 c53163d53163 00104070aIIPAbIIPAd2018-07-19hVolume no: 37, Issue no: 29pAR53600r2018-07-19w2018-07-19yAR