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

Abstract: 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)
Pages: 41 pages
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:mlb:wpaper:679

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