The industrialised world has witnessed a dramatic increase in the volume of international capital movements in the forms of borrowing and lending, bond transactions and foreign direct investment. At the same time, many non-OECD countries have embarked on extensive programmes of capital market liberalisation. This volume examines the implications of this increased international capital mobility for both industrialised and developing countries. The contributors look at the effect of developments on economic fluctuations, and on fiscal and monetary policies under alternative exchange rate regimes. They also address the erosion of capital taxation as a source of government revenue, the contribution of mobile capital to development with 'endogenous growth', the role of mobile capital in reducing unemployment where there are large-scale population flows, and the convergence of national growth rates.

This edited volume examines capital mobility in both industrialised and developing countries.
Reviews
"...the articles are of value in illuminating the techniques being used in these areas and because most of the authors develop their analytical models." Journal of Economic Literature



Book Information
ISBN 9780521454384
Author Leonardo Leiderman
Format Hardback
Page Count 380
Imprint Cambridge University Press
Publisher Cambridge University Press
Weight(grams) 660g
Dimensions(mm) 229mm * 152mm * 25mm