International Capital Flows

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Author :
Publisher : University of Chicago Press
ISBN 13 : 0226241807
Total Pages : 500 pages
Book Rating : 4.2/5 (262 download)

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Book Synopsis International Capital Flows by : Martin Feldstein

Download or read book International Capital Flows written by Martin Feldstein and published by University of Chicago Press. This book was released on 2007-12-01 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent changes in technology, along with the opening up of many regions previously closed to investment, have led to explosive growth in the international movement of capital. Flows from foreign direct investment and debt and equity financing can bring countries substantial gains by augmenting local savings and by improving technology and incentives. Investing companies acquire market access, lower cost inputs, and opportunities for profitable introductions of production methods in the countries where they invest. But, as was underscored recently by the economic and financial crises in several Asian countries, capital flows can also bring risks. Although there is no simple explanation of the currency crisis in Asia, it is clear that fixed exchange rates and chronic deficits increased the likelihood of a breakdown. Similarly, during the 1970s, the United States and other industrial countries loaned OPEC surpluses to borrowers in Latin America. But when the U.S. Federal Reserve raised interest rates to control soaring inflation, the result was a widespread debt moratorium in Latin America as many countries throughout the region struggled to pay the high interest on their foreign loans. International Capital Flows contains recent work by eminent scholars and practitioners on the experience of capital flows to Latin America, Asia, and eastern Europe. These papers discuss the role of banks, equity markets, and foreign direct investment in international capital flows, and the risks that investors and others face with these transactions. By focusing on capital flows' productivity and determinants, and the policy issues they raise, this collection is a valuable resource for economists, policymakers, and financial market participants.

International Capital Mobility and External Account Determination

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Author :
Publisher : Springer
ISBN 13 : 0230379095
Total Pages : 157 pages
Book Rating : 4.2/5 (33 download)

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Book Synopsis International Capital Mobility and External Account Determination by : Anthony J. Makin

Download or read book International Capital Mobility and External Account Determination written by Anthony J. Makin and published by Springer. This book was released on 1994-08-16 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the causes, consequences and policy significance of international capital movements and nations' external account imbalances. Traditional theoretical approaches to balance of payments analysis, such as the classical, elasticities, absorption, monetary and Mundell-Fleming models are critically evaluated against an extended international macroeconomic accounting framework. More meaningful capital theoretic models then link saving, investment and foreign capital movements to highlight the macroeconomic gains from international capital mobility and international trade in saving.

International Capital Flows: Economic Problems and Policy Implications

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Author :
Publisher : diplom.de
ISBN 13 : 3832426418
Total Pages : 207 pages
Book Rating : 4.8/5 (324 download)

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Book Synopsis International Capital Flows: Economic Problems and Policy Implications by : Nina Pohl

Download or read book International Capital Flows: Economic Problems and Policy Implications written by Nina Pohl and published by diplom.de. This book was released on 2000-09-01 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inhaltsangabe:Abstract: This paper deals with three highly controversial aspects in the international finance literature: the degree of international financial integration, the economic impact of capital mobility, and the potential role of capital controls in the emerging international financial architecture. Regarding the first aspect, many observers have been influenced by the recent hype about globalisation and in fact take it for granted that capital markets have become almost fully integrated into a world financial marketplace. This paper, reviews evidence that challenges this conventional wisdom, though confirming that the degree of international financial integration is rising. With respect to the second aspect, it is demonstrated that there are circumstances under which the free flow of international capital could negatively impact upon economic performance and/or otherwise welfare-enhancing domestic policies. This finding conflicts with traditional theory and provides an economic rationale for the judicious introduction of capital controls. With this assertion in mind, the final aspect, the role of capital controls, is investigated. The specific question explored is how far restrictions on international capital flows are able to avert a costly economic imbalance arising from fluctuations in the balance of payments. Although the international consensus seems to have shifted in recent years towards promoting Chilean-style capital controls as a potential new building block in the international financial landscape, this paper cautions against such a generalisation of the Chilean experience. Rather, a review of the empirical literature suggests that much of Chile s economic success story in the last decade can be explained by factors other than its control regime. The rising degree of international financial integration enhances the need for small countries to resolve their dilemma of being dependent on external funding and, at the same time, most vulnerable to sudden reversals of international capital flows. Yet, simple solutions of how to counterbalance the potential threats of capital mobility in a second-best equilibrium, are not found to be easily forthcoming. In particular, this paper argues that capital controls are no panacea even less so, if they delay necessary macro- and microeconomic reforms. A worrying feature of the international financial system, partly due to continued innovations in financial engineering, is that [...]

The Political Economy of International Capital Mobility

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Author :
Publisher : Springer
ISBN 13 : 023059266X
Total Pages : 266 pages
Book Rating : 4.2/5 (35 download)

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Book Synopsis The Political Economy of International Capital Mobility by : M. Watson

Download or read book The Political Economy of International Capital Mobility written by M. Watson and published by Springer. This book was released on 2007-07-03 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: Matthew Watson draws a distinction between the spatial and the functional mobility of capital, allowing fresh insights into existing work on the subject whilst repoliticizing the very idea of capital being 'in motion'. The dynamics of capital mobility and the patterns of risk exposure are illustrated through four detailed global case studies.

Long-Term International Capital Movements and Technology

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451854889
Total Pages : 29 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Long-Term International Capital Movements and Technology by : Mr.Harm Zebregs

Download or read book Long-Term International Capital Movements and Technology written by Mr.Harm Zebregs and published by International Monetary Fund. This book was released on 1999-09-01 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the theoretical literature on the question of how long-term international capital movements depend on the international distribution of technology. It focuses on long-term investment flows, as these are more affected by international differences in technologies than short-term financial flows. International capital movements are investigated in the context of various technology specifications, ranging from models with only one common technology to those with multiple and endogenous technologies. The paper demonstrates that the theoretical specification of technology is crucial to the prediction of the size and direction of international capital movements.

International Capital Flows: Economic Impact and Policy Implications

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Author :
Publisher : GRIN Verlag
ISBN 13 : 3656980942
Total Pages : 213 pages
Book Rating : 4.6/5 (569 download)

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Book Synopsis International Capital Flows: Economic Impact and Policy Implications by : Nina Gillmann

Download or read book International Capital Flows: Economic Impact and Policy Implications written by Nina Gillmann and published by GRIN Verlag. This book was released on 2012-08-08 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: Diploma Thesis from the year 2000 in the subject Economics - Finance, grade: 1, Christian-Albrechts-University of Kiel, language: English, abstract: This paper deals with three highly controversial aspects in the international finance literature: the degree of international financial integration, the economic impact of capital mobility, and the potential role of capital controls in the emerging international financial architecture. Regarding the first aspect, many observers have been influenced by the recent hype about “globalisation” and in fact take it for granted that capital markets have become almost fully integrated into a world financial marketplace. This paper, reviews evidence that challenges this conventional wisdom, though confirming that the degree of international financial integration is rising. With respect to the second aspect, it is demonstrated that there are circumstances under which the free flow of international capital could negatively impact upon economic performance and/or otherwise welfare-enhancing domestic policies. This finding conflicts with traditional theory and provides an economic rationale for the judicious introduction of capital controls. With this assertion in mind, the final aspect, the role of capital controls, is investigated. The specific question explored is how far restrictions on international capital flows are able to avert a costly economic imbalance arising from fluctuations in the balance of payments. Although the international consensus seems to have shifted in recent years towards promoting Chilean-style capital controls as a potential new building block in the international financial landscape, this paper cautions against such a generalisation of the Chilean experience. Rather, a review of the empirical literature suggests that much of Chile‘s economic success story in the last decade can be explained by factors other than its control regime. The rising degree of international financial integration enhances the need for small countries to resolve their dilemma of being dependent on external funding and, at the same time, most vulnerable to sudden reversals of international capital flows. Yet, simple solutions of how to counterbalance the potential threats of capital mobility in a second-best equilibrium, are not found to be easily forthcoming. In particular, this paper argues that capital controls are no panacea – even less so, if they delay necessary macro- and microeconomic reforms.

Capital Flows and Crises

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Author :
Publisher : MIT Press
ISBN 13 : 9780262550598
Total Pages : 396 pages
Book Rating : 4.5/5 (55 download)

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Book Synopsis Capital Flows and Crises by : Barry J. Eichengreen

Download or read book Capital Flows and Crises written by Barry J. Eichengreen and published by MIT Press. This book was released on 2004 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: An analysis of the connections between capital flows and financial crises as well as between capital flows and economic growth.

Structure and Agency in International Capital Mobility

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Author :
Publisher : Palgrave Macmillan
ISBN 13 : 9780333725535
Total Pages : 208 pages
Book Rating : 4.7/5 (255 download)

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Book Synopsis Structure and Agency in International Capital Mobility by : Kenneth P. Thomas

Download or read book Structure and Agency in International Capital Mobility written by Kenneth P. Thomas and published by Palgrave Macmillan. This book was released on 2001-08-08 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Structure and Agency in International Capital Mobility highlights the importance of mobile resources as a feature of globalization, and challenges the received wisdom about the causes and effects of international capital mobility. There seems little doubt that a sea change is taking place as a result of globalization. From a world concerned with strategic weapons and the risks of mutual annihilation, a new world order is emerging in which quite different forces loom large in the communal consciousness. In this order, resources and the jobs and prosperity they produce have - at least in the West - pushed security matters firmly into second place.

Issues in International Capital Mobility

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Author :
Publisher : Routledge
ISBN 13 : 1351342762
Total Pages : 100 pages
Book Rating : 4.3/5 (513 download)

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Book Synopsis Issues in International Capital Mobility by : Helen Popper

Download or read book Issues in International Capital Mobility written by Helen Popper and published by Routledge. This book was released on 2017-11-30 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1997, Issues in International Capital Mobility addresses a few of the ambiguities arising in empirical investigations of capital market openness. It does this by taking existing empirical approaches and adapting them to new markets and to new assets. It also examines the properties of one statistical method used to assess the extent of international capital mobility. This book will appeal to those working or studying in the field of economics and finance.

Capital Mobility in Asia

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Author :
Publisher : Flipside Digital Content Company Inc.
ISBN 13 : 981478608X
Total Pages : 168 pages
Book Rating : 4.8/5 (147 download)

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Book Synopsis Capital Mobility in Asia by : Juthathip Jongwanich

Download or read book Capital Mobility in Asia written by Juthathip Jongwanich and published by Flipside Digital Content Company Inc.. This book was released on 2018-02-14 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ever since the East Asian financial crisis it has been recognized that emerging market economies are vulnerable to both excessive inflows of capital and sudden outflows. This book presents new research on the determinants and effects of capital flows as well as the effectiveness of capital control policies in dealing with volatile capital flows in emerging Asian countries. It examine three issues related to capital movements in Asia: (1) the key factors determining such mobility; (2) the impact of capital movements in a home country, especially on real exchange rates; and (3) the effectiveness of capital account policies.

Global Capital Markets

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Author :
Publisher : Cambridge University Press
ISBN 13 : 9780521671798
Total Pages : 386 pages
Book Rating : 4.6/5 (717 download)

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Book Synopsis Global Capital Markets by : Maurice Obstfeld

Download or read book Global Capital Markets written by Maurice Obstfeld and published by Cambridge University Press. This book was released on 2004 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an economic survey of international capital mobility from the late nineteenth century to the present.

Curbing the Boom-Bust Cycle: Stabilizing Capital Flows to Emerging Markets

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Author :
Publisher : Peterson Institute
ISBN 13 : 9780881325966
Total Pages : 160 pages
Book Rating : 4.3/5 (259 download)

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Book Synopsis Curbing the Boom-Bust Cycle: Stabilizing Capital Flows to Emerging Markets by : Williamson, John

Download or read book Curbing the Boom-Bust Cycle: Stabilizing Capital Flows to Emerging Markets written by Williamson, John and published by Peterson Institute. This book was released on 2005 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Capital Mobility, Public Investment and Economic Growth

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Author :
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis International Capital Mobility, Public Investment and Economic Growth by : Richard H. Clarida

Download or read book International Capital Mobility, Public Investment and Economic Growth written by Richard H. Clarida and published by . This book was released on 1993 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a neoclassical model of international capital flows, public investment, and economic growth. Because public capital is non-traded and is imperfectly substitutable for private capital, the open economy converges only gradually to the Solow steady-state notwithstanding the fact that international capital mobility is perfect. Along the convergence path, the economy initially runs a current account deficit that reflects a consumption boom and a surge in public spending. Over time, the rate of public investment declines as does the rate of growth in the standard measure of multifactor productivity in the private sector, the Solow residual.

Power in Motion

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Author :
Publisher : Cornell University Press
ISBN 13 : 1501711547
Total Pages : 260 pages
Book Rating : 4.5/5 (17 download)

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Book Synopsis Power in Motion by : Jeffrey A. Winters

Download or read book Power in Motion written by Jeffrey A. Winters and published by Cornell University Press. This book was released on 2018-05-31 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: No detailed description available for "Power in Motion".

International Capital Mobility, Macroeconomic Imbalances, and the Risk of Global Contraction

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Author :
Publisher :
ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis International Capital Mobility, Macroeconomic Imbalances, and the Risk of Global Contraction by : Robert A. Blecker

Download or read book International Capital Mobility, Macroeconomic Imbalances, and the Risk of Global Contraction written by Robert A. Blecker and published by . This book was released on 1998 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Mobility of Labor and Capital

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Publisher : Cambridge University Press
ISBN 13 : 9780521386722
Total Pages : 244 pages
Book Rating : 4.3/5 (867 download)

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Book Synopsis The Mobility of Labor and Capital by : Saskia Sassen

Download or read book The Mobility of Labor and Capital written by Saskia Sassen and published by Cambridge University Press. This book was released on 1990-06-29 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this empirical study, Saskia Sassen offers a fresh understanding of the processes of international migration. Focusing on immigration into the US from 1960 to 1985 and the part played by American economic activities abroad, as well as foreign investment in the US, she examines the various ways in which the internationalization of production contributes to the formation and direction of labor migration.

Money, Capital Mobility, and Trade

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Author :
Publisher : MIT Press
ISBN 13 : 9780262532600
Total Pages : 572 pages
Book Rating : 4.5/5 (326 download)

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Book Synopsis Money, Capital Mobility, and Trade by : Guillermo A. Calvo

Download or read book Money, Capital Mobility, and Trade written by Guillermo A. Calvo and published by MIT Press. This book was released on 2004 with total page 572 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essays by leading economists and scholars reflecting on Mundell's broad influence on modern open-economy macroeconomics.