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Capital Mobility : The Impact on Consumption, Investment and Growth - Leonardo Leiderman

Capital Mobility

The Impact on Consumption, Investment and Growth

By: Leonardo Leiderman (Editor), Assaf Razin (Editor)

Hardcover

Published: 14th July 1994
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The industrialised world has recently witnessed a dramatic increase in the volume of international capital movements in the forms of borrowing and lending, bond transactions and foreign direct investment. At the same time, many non-OECD countries have embarked on extensive programmes of capital market liberalisation. This volume examines the implications of this increased international capital mobility for both industrialised and developing countries. The contributors look at the effect of recent developments on economic fluctuations, and on fiscal and monetary policies under alternative exchange rate regimes. They also address the erosion of capital taxation as a source of government revenue, the contribution of mobile capital to development with 'endogenous growth', the role of mobile capital in reducing unemployment where there are large-scale population flows, and the convergence of national growth rates.

"...the articles are of value in illuminating the techniques being used in these areas and because most of the authors develop their analytical models." Journal of Economic Literature

Preface
Foreword
Introduction
Macroeconomic Policy
Are industrial-country consumption risks globally diversified?
Discussion
Business-cycle volatility and openness: an exploratory cross-sectional analysis
Discussion Enrique
The robustness of macroeconomic indicators of capital mobility Enrique
Discussion
Exchange Rate Volatility
An interpretation of recent research on exchange rate target zones
Discussion
Some evidence on a strategic model of exchange rate bands
Discussion Lars
Exchange rate volatility, uncertainty and investment: an empirical investigation
Discussion
Investment and Growth
Foreign finance and economics growth: and empirical analysis
Discussion
Convergence in growth rates: a quantitative assessment of the role of capital mobility and international taxation
Discussion Oren Sussman
Will government policy magnify capital flow volatility?
Discussions
Policy Perspectives
The political economy of capital controls
Discussion
Capital controls and capital account liberalisation in industrial countries
Discussion
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521454384
ISBN-10: 0521454387
Audience: Tertiary; University or College
Format: Hardcover
Language: English
Number Of Pages: 380
Published: 14th July 1994
Publisher: Cambridge University Press
Country of Publication: GB
Dimensions (cm): 22.8 x 15.2  x 2.5
Weight (kg): 0.66