## 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](https://www.imf.org/en/publications/wp/issues/2021/01/08/financial-globalization-and-inequality-capital-flows-as-a-two-edged-sword-49977)

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## 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

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### 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).*

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- **Working Paper**
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_Source: https://www.imf.org/en/publications/wp/issues/2021/01/08/financial-globalization-and-inequality-capital-flows-as-a-two-edged-sword-49977_