Capital mobility. An overview

H. W. Arndt
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H. W. Arndt: The Australian National University, The Research School of Pacific Studies, Canberra (Australia)

BNL Quarterly Review, 2000, vol. 53, issue 214, 233-243

Abstract: The article analyses the problem of international capital mobility which the Asian crisis has highlighted. It points out that the problem of capital mobility ("hot money" panics) has a long history, but globalization, the opening up of national economies and technological advance have increased the risks. The article discusses four policy debated which are being pursued in the large Asian crisis literature: (i) the pros and cons of capital controls, (ii) the choice of exchange rate regime, (iii) financial factor reform, and (iv) the rule of law.

Keywords: Capital Controls; Globalization; History (search for similar items in EconPapers)
JEL-codes: F32 G15 N70 (search for similar items in EconPapers)
Date: 2000
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