发展中国家的资本账户开放:问题和抉择

Opening capital account of developing countries: problem and decision

无论是对发达国家还是发展中国家资本账户的开放性研究,人们都倾注了大量的精力。但是回顾这争鸣的百家,对发展中国家资本账户开放后的经济效应,也莫衷一是。尽管如此,被经济学界广泛承认的事实是,资本账户开放后的效应是因各国情况不同而不同的,需要决策者审时度势,慎之又慎,尤其要避免伴随资本账户开放而可能带来的金融冲击甚至危机。

People have spared no efforts on the openness research of the capital accounts of both developed countries and developing countries. The contending schools are confused to the economic effects of opening capital accounts of developing countries. But it is widely accepted by the economic academic circle that the effects differ among different countries in consideration of their various conditions. The poliey makers should make correct assessment of the situation with extreme prudence, especially avoiding financial shocks or even crisis with the opening of capital account.