According to Oatley,private Capital Flows in the Early 1990s Were

According to Oatley,private capital flows in the early 1990s were radically different because it was

A) much more difficult to move capital into and out of emerging markets and financial liberalization in advanced industrial countries had increased the importance of securities.
B) much easier to move capital into and out of emerging markets and financial liberalization in advanced industrial countries had increased the importance of securities.
C) much more difficult to move capital into and out of emerging markets and financial liberalization in advanced industrial countries had decreased the importance of securities.
D) much easier to move capital into and out of emerging markets and financial liberalization in advanced industrial countries had decreased the importance of securities.
E) the importance of commercial bank lending increased and financial liberalization in advanced industrial countries had increased the importance of securities.