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Hardcover
Published: 14th July 1994
ISBN: 9780521454384
Number Of Pages: 380
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Published: 22nd April 2010The 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 UNIV PR
Country of Publication: GB
Dimensions (cm): 22.86 x 15.24
x 2.79
Weight (kg): 0.91
