Capital Flows

Brian Scott Quinn
Additional contact information
Brian Scott Quinn: University of Reading

Chapter 2 in The New Euromarkets, 1975, pp 9-17 from Palgrave Macmillan

Abstract: Abstract Movements of capital between countries necessarily involve effects on the domestic economies of the countries concerned. The effect of short-term speculative fund movements is one aspect of this and has been analysed in detail by Clendenning among others.1 In this chapter the aim is to examine the effects of long-term capital movements whether through the medium of the eurocurrency, eurobond or foreign markets. The effect of short-term speculative fund movements will only be considered indirectly. An examination of these effects can only be undertaken however along with a consideration of exchange controls and their role in regulating such flows, for in a world without such controls, the international markets would be radically different. If such controls were tightened and fully enforced by all countries so as to make the movement of long-term capital impossible, then of course the international markets would cease to exist. The mere existence of controls in almost all countries on either inflows or outflows of funds (or both) suggests prima facie that such movements may have potentially damaging effects on countries subject to them.

Keywords: Foreign Currency; Capital Flow; Capital Inflow; Domestic Investment; Capital Control (search for similar items in EconPapers)
Date: 1975
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-02603-6_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349026036

DOI: 10.1007/978-1-349-02603-6_2

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().