Capital Movements, Speculation, and Currency Crises

Giancarlo Gandolfo

Chapter 16 in International Finance and Open-Economy Macroeconomics, 2016, pp 385-422 from Springer

Abstract: Abstract International capital movements have been mentioned several times in previous chapters.. The purpose of the present chapter is to bring these together in a unified picture, and to examine the causes and effects of the main types of capital movements in detail, with particular attention to speculative attacks and currency crises. For convenience the traditional distinction between short-term and long-term movements will be maintained. It should be stressed that for obvious reasons our examination will be made from the point of view of international monetary economics, so that we shall ignore—except for a very brief mention—the important problem of the behaviour of multinational corporations in carrying out direct investment, a problem which more properly belongs to the theory of the firm.

Keywords: Exchange Rate; International Monetary Fund; Direct Investment; Foreign Exchange; Real Exchange Rate (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-662-49862-0_16

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DOI: 10.1007/978-3-662-49862-0_16

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