When history repeats itself, the first time is a tragedy; the next is a farce.…
Capital Management Techniques In Developing Countries : An assessment of experiences from the 1990’s and lessons for the future Gerald Epstein, Ilene Grabel and Jomo K. S.
This paper uses the term, capital management techniques, to refer to two complementary (and often overlapping) types of financial policies: policies that govern international private capital flows and those that enforce prudential management of domestic financial institutions. The paper presents seven case studies of the diverse capital management techniques employed in Chile, Colombia, Taiwan Province of China, India, China, Singapore and Malaysia during the 1990s. The cases reveal that policymakers were able to use capital management techniques to achieve critical macroeconomic objectives.
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