Financial Globalization and Inequality: Capital Flows as a Two-Edged Sword
IMF Working Papers, January 8, 2021
Source details
- Canonical URL
- Financial Globalization and Inequality: Capital Flows as a Two-Edged Sword
Other formats
Bibliographic details
- Authors: Barry J. Eichengreen, Balazs Csonto, Asmaa A ElGanainy, Zsoka Koczan
- Published: January 8, 2021
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781513566382.001
Core findings
- The within-country distributional impact of capital account liberalization is context specific.
- Different types of capital flows have different distributional effects.
- The overall impact of financial globalization on inequality depends on:
- the composition of capital flows,
- their interaction, and
- broader economic and institutional conditions.
Policy implications and recommendations
- A comprehensive set of policies is important for facilitating wider sharing of the benefits of financial globalization, including:
- macroeconomic policies,
- financial policies, and
- labor- and product-market specific policies.
Publication metadata and identifiers
- Authors: Barry J. Eichengreen, Balazs Csonto, Asmaa A ElGanainy, Zsoka Koczan
- Date: January 8, 2021
- Pages: 37
- Series: Working Paper No. 2021/004
- Issue: 004
- Volume: 2021
- DOI: https://doi.org/10.5089/9781513566382.001
- Stock No: WPIEA2021004
- ISBN: 9781513566382
- ISSN: 1018-5941
Source: IMF Working Papers — "Financial Globalization and Inequality: Capital Flows as a Two-Edged Sword" (January 8, 2021).
Content in this bundle
- Working Paper