The growing integration of capital markets has strengthened incenitives for greater international coordination of economic and financial policies. Structural changes in these financial markets, 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.
Pages
94
Format
Unknown Binding
Publisher
Not Avail
Release
December 31, 1991
ISBN
1557752052
ISBN 13
9781557752055
Determinants and Systemic Consequences of International Capital Flows: A Study
The growing integration of capital markets has strengthened incenitives for greater international coordination of economic and financial policies. Structural changes in these financial markets, 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.