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Adopting Currency Convertibility: Experiences and Monetary Policy Considerations for Advanced Developing Countries

This paper was presented at the SEACEN Seminar on Foreign Exchange Liberalization Experiences in the SEACEN Countries, held in Seoul and hosted by the Bank of Korea from May 30 - June 1, 1994. It analyses the elements towards an appropriate foreign exchange regime which stimulates in the global interest a most efficient use of the world's available resources in manpower, capital and technology throughout the world economy.