TY - BOOK AU - Ishii,Shogo AU - Habermeier,Karl Friedrich AU - Canales-Kriljenko,Jorge Iván TI - Capital account liberalization and financial sector stability T2 - Occasional paper / International Monetary Fund SN - 1589060857 AV - HG3891 .I85 2002 PY - 2002/// CY - Washington, DC PB - International Monetary Fund KW - Capital movements KW - Capital market KW - Financial institutions KW - State supervision KW - Statistics KW - Banks and banking KW - Indonesia KW - Financial crises KW - Monetary policy KW - International finance N1 - BIB; Machine generated contents note: Part I.A Framework for Sequencing -- I Overview 3 -- 11 Analytical Issues 5 -- Sources of Financial Sector Instability 5 -- Linkages of Financial Sector Instability with Capital -- Account Liberalization 6 -- Contagion and the Influence of Size and Openness 12 -- III Sequencing Capital Account Liberalization -- with Other Reforms 14 -- Sequencing: Insights from Country Experiences 14 -- General Principles for Sequencing 17 -- IV A Suggested Methodology for Sequencing 19 -- Applying the Methodology-An Example 21 -- Part II.The Prudential Framework and Capital Account Liberalization -- V The General Framework for Financial Sector Stability 31 -- Development of Financial Markets and Institutions 32 -- Prudential Regulation and Supervision: General Issues 33 -- Improved Risk Management by Financial Institutions 34 -- Capital Controls and Prudential Policies 35 -- Accounting, Auditing, and Disclosure 37 -- Financial Safety Nets and Resolution Policies 37 -- VI Prudential Regulation and Supervision of -- Cross-Border Transactions 40 -- Prudential Regulation and Supervision of Banks 40 -- Prudential Aspects of Offshore Financial Centers 46 -- Nonbank Financial Institutions 47 -- Supervisory Practices 48 -- Part III.Selected Country Experiences with Capital Account -- Liberalization and Financial Sector Stability -- VII Countries That Avoided a Financial Crisis 53 -- Austria: Integration into Regional and Global Markets 53 -- Hungary: Resilience to Contagion from the 1998 Russian Crisis 56 -- South Africa: Contagion from the 1997-98 Financial Crises 59 -- United Kingdom: The 1992 ERM Crisis 63 -- VIII Countries That Experienced a Financial Crisis 68 -- Korea: The 1997 Twin Crises 68 -- Mexico: The 1994-95 Crisis 72 -- Sweden: The Early 1990s Twin Crises 78 -- Turkey: The 1994 and 2000 Crises 81 -- Paraguay: The 1995-98 Financial Sector Crisis 85 ER -