000			01845cam a22003137 4500
001			w1253
003			NBER
005			20211020115255.0
006			m o d
007			cr cnu||||||||
008			210910s1983 mau fo 000 0 eng d
100	1		_aAizenman, Joshua. _94613
245	1	0	_aTariff Liberalization Policy and Financial Restrictions / _cJoshua Aizenman.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c1983.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w1253
500			_aDecember 1983.
520	3		_aThe purpose of this paper is to assess how restrictions on capital mobility affect adjustment to a tariff liberalization policy. This is done by comparing the adlustment process under free and restricted convertibility of foreign assets in a regime where the commercial exchange rate is pegged. It is shown that trade liberalization causes in the short run a larger drop in domestic goods prices and a smaller current account deficit in a regime with restricted convertibility. Similar results apply also for the long-run current account effects of the liberalization: they are smaller under financial restrictions.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aF - International Economics _2Journal of Economic Literature class.
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w1253.
856	4	0	_uhttps://www.nber.org/papers/w1253
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w1253
942			_2ddc _cW-PAPER
999			_c347321 _d305883