Leading academics and policymakers address the theory of market discipline and consider evidence across different industries and countries.More specifically, by making it more difficult for foreigners to invest in domestic stock markets, capital controls could limit this valuable source of information and liquidity. As discussed above in the context of Malaysia, capital controls cananbsp;...
|Title||:||Market Discipline Across Countries and Industries|
|Author||:||C. E. V. Borio|
|Publisher||:||MIT Press - 2004|