Consumption, Income, and International Capital Market Integration

IMF Working Papers, October 1, 1994

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The IMF Working Papers series is designed to make IMF staff research available to a wide audience.
Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
This specific Working Paper is identified as Working Paper No. 1994/120 and is part of the IMF Working Papers series.

Authors: Ronald MacDonald, Tamim Bayoumi
Publication date: October 1, 1994
Preview citation (Chicago format): Ronald MacDonald, and Tamim Bayoumi. "Consumption, Income, and International Capital Market Integration", IMF Working Papers 1994, 120 (1994), accessed 9/17/2026, https://doi.org/10.5089/9781451939699.001

Subject: Capital market integration, Capital markets, Consumption, Economic integration, Financial markets, Income, National accounts, Personal income
Keywords: Asia and Pacific, Capital market integration, Capital markets, capital mobility, consumer spending, Consumption, consumption growth, consumption model, consumption pattern, EC country, Europe, Income, nondurable consumption, Personal income, random walk, WP

Also published in Staff Papers, Vol. 42, No. 3, September 1995.
Disclaimer: "This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate."

Source: IMF Working Paper — "Consumption, Income, and International Capital Market Integration" (Working Paper No. 1994/120).