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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
ISBN: 9780521454384
Number Of Pages: 380

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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.

Industry Reviews

"...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

Macroeconomic Policy
Are industrial-country consumption risks globally diversified?
Business-cycle volatility and openness: an exploratory cross-sectional analysis
Discussion Enrique
The robustness of macroeconomic indicators of capital mobility Enrique
Exchange Rate Volatility
An interpretation of recent research on exchange rate target zones
Some evidence on a strategic model of exchange rate bands
Discussion Lars
Exchange rate volatility, uncertainty and investment: an empirical investigation
Investment and Growth
Foreign finance and economics growth: and empirical analysis
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?
Policy Perspectives
The political economy of capital controls
Capital controls and capital account liberalisation in industrial countries
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
Country of Publication: GB
Dimensions (cm): 22.86 x 15.24  x 2.79
Weight (kg): 0.91

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