Determinants and Systemic Consequences of International Capital Flows

ByD. F. I. Folkerts-Landau, Donald J Mathieson, Morris Goldstein, Liliana Rojas-Suárez, José Saúl Lizondo, Timothy D. Lane

April 15, 1991

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Summary

The growing integration of capital markets has strengthened incentives for greater international coordination of economic and financial policies. Structural changes in these financial market, however, may have undermined the effectiveness of monetary and fiscal policy and complicated market access by developing countries. These are among the findings of this study of capital flows in the 1970s and the 1980s.

Subject: Balance of payments, Banking, Capital flows, Capital outflows, Credit, Financial markets, Foreign direct investment, Money, Payment systems

Keywords: Asia and Pacific, bank, capital flight, Capital flows, Capital outflows, clearinghouse, Credit, currency firm, debt, Europe, foreign currency, Foreign direct investment, Global, increases in capital capital flight, North America, OP, payment, payment system, Payment systems, point of view, stemming capital flight, U.S. dollar

Pages:
110
Volume:
1991
DOI:
https://doi.org/10.5089/9781557752055.084
Issue:
008
Series:
Occasional Paper No. 1991/008
Stock No:
S077EA0000000
ISBN:
9781557752055
ISSN:
0251-6365

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