Capital Mobility: The Impact on Consumption, Investment and Growth - Couverture rigide

 
9780521454384: Capital Mobility: The Impact on Consumption, Investment and Growth

Synopsis

The industrialised world has 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 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.

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Présentation de l'éditeur

The industrialised world has 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 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.

Revue de presse

"...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

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Autres éditions populaires du même titre

9780521142731: Capital Mobility: The Impact on Consumption, Investment and Growth

Edition présentée

ISBN 10 :  0521142733 ISBN 13 :  9780521142731
Editeur : Cambridge University Press, 2010
Couverture souple