DMPQ- Explain the concept of capital account convertibility. Compare the advantages and disadvantages of full capital account convertibility.
. Capital Account Convertibility is a feature of a nation’s financial regime that centers on the ability to conduct transactions of local financial assets (money, stocks, bonds, real estate, FDI, FII, account receivable, inventory etc) into foreign financial assets freely and at market determined exchange rates. In layman’s terms, full capital account convertibility allows local … Read more DMPQ- Explain the concept of capital account convertibility. Compare the advantages and disadvantages of full capital account convertibility.