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International Reserves and Gross Capital Flows Dynamics
SSRN Electronic Journal, 2014Abstract This paper explores the role of international reserves as a stabilizer of international capital flows, in particular during periods of global financial stress. In contrast with previous contributions, aimed at explaining net capital flows, we focus on the behavior of gross capital flows.
Enrique Alberola +2 more
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Taxation and "Abnormal" International Capital Flows
Journal of Political Economy, 1977If the choice of domestic versus foreign money and capital market instruments was on the basis of covered yields, funds would universally flow in one direction, from the smallest incentive, to the instruments of highest yields. This paper shows the consequences of different rates of taxation on interest and on exchange gains, the two components of ...
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Human Capital and International Capital Flows
1994In the traditional Heckscher-Ohlin type of trade and growth theory, capital mobility is not integrated. Embodied in products, factor mobility takes place by the way of commodity trade. As a consequence, H.-O. theory implies factor price equalization.
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Globalization, Capital Flows, and International Regulation [PDF]
In the postwar period prior to 1990 policy proposals aimed at reducing the instabilities associated with increased capital flows focused on increasing market efficiencies so that nominal variables would reflect real conditions in the economy. However, those in charge of financial resource flows applied theories largely unconcerned with fundamentals ...
Andrew Cornford, Jan A. Kregel
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Capital Flows and International Adjustment
1974As soon as we allow for international financial transactions, we can no longer treat monetary and fiscal policy as substitutes with respect to their short-run impact on output and employment. In this chapter we shall examine the implications of such capital flows between countries under fixed and flexible exchange-rate systems. The procedure adopted in
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International Capital Flows: Discussion
The Journal of Finance, 1963Hal B. Lary +2 more
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