Emerging markets prioritize net capital inflows over fiscal concerns in liberalization.
Emerging markets have been changing their rules on moving money out of the country. They did this to deal with the pressure of too much money coming in, but it also means they lose money from controlling how much can leave. In the 2000s, these countries made less money from controlling outflows compared to the 1980s. They started caring more about too much money coming in than losing money from controlling outflows. Countries that had more unstable money coming in and more risk from short-term debts didn't change their rules as much. Countries that saw their stock prices go up, their currency value go up, and their currency value change a lot, changed their rules more. Countries that didn't use a certain type of money policy also changed their rules more when they had more money saved up and too much money coming in.