Changes in International Captial Flows and Monetary Dominance: a Study of Small and Large Economies

R. Kupchak and M. Monadjemi

Working Papers from New South Wales - School of Economics

Abstract: Thie study attempts to examine changes that have occurred in the extent of internatinal capital flows over the past three decades. In addition, the paper investigates the influence of changes in large economies interest rates on rates in smaller economies. Empirical results of the study show that capital flows have increased over time and that the US has played a dominant role in setting global financial conditions while Germany has emerged as a dominant regional economy.

Keywords: CAPITAL; INTERNATIONAL AFFAIRS; INTERNATIONAL ECONOMY (search for similar items in EconPapers)
JEL-codes: F20 F21 (search for similar items in EconPapers)
Pages: 28 pages
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:fth:nesowa:99/13

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