Determinants and Systemic Consequences of International Capital Flows

D. Folkerts-Landau, Donald Mathieson, Morris Goldstein, Liliana Rojas-Suarez, José Saúl Lizondo and Timothy Lane

No 1991/008, IMF Occasional Papers from International Monetary Fund

Abstract: The growing integration of capital markets has strengthened incentives for greater international coordination of economic and financial policies. Structural changes in these financial market, however, may have undermined the effectiveness of monetary and fiscal policy and complicated market access by developing countries. These are among the findings of this study of capital flows in the 1970s and the 1980s.

Keywords: OP; capital flight; bank; debt; payment; clearinghouse; payment system; increases in capital capital flight; point of view; foreign currency; U.S. dollar; stemming capital flight; currency firm; Foreign direct investment; Capital outflows; Capital flows; Payment systems; Credit; Global; Europe; North America; Asia and Pacific (search for similar items in EconPapers)
Pages: 110
Date: 1991-04-15
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Citations: View citations in EconPapers (14)

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