International Capital flows and National Creditworthiness: Examining Australia's Current Account
Paul Cashin () and
Christopher McDermott ()
No 679, Department of Economics - Working Papers Series from The University of Melbourne
This paper examines the optimality of international capital flows to a persistent net importer of capital, Australia, during its post-capital-controls period 1984-1948. This paper also dicusses the main implications arising from measures of optimal capital flows, and compares them with the implications arising from the key concepts used in the determination of national creditworthiness.
Keywords: CONSUMPTION; CAPITAL MOVEMENTS; FINANCIAL MARKET (search for similar items in EconPapers)
JEL-codes: F32 F41 F47 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:mlb:wpaper:679
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