For half a century, the OECD Code of Liberalisation of Capital Movements has provided a balanced framework for capital account openness. This new edition of the Code presents the full text of the Code, setting out the rights and obligations of adhering countries. It also shows how far each of...

This edition of Better Policies for Development focuses on illicit financial flows and their detrimental effects on development and growth. Every year, huge sums of money are transferred out of developing countries illegally. The numbers are disputed, but illicit financial flows are often cited...

The full text of the Code of Liberalisation of Capital Movements sets out the legally binding obligations accepted by OECD members. The Code, regularly updated by decisions of the OECD Council, reflects all changes in the positions of members up to 1 January 2003. It outlines the obligations of...