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Book synopsis

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, originally published in 1994, 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.

Book details

Book category Books in English Economics, finance, business & management Economics Macroeconomics

• Full title: Capital Mobility
• Subtitle: The Impact on Consumption, Investment and Growth
• Author: Leonardo LeidermanAssaf Razin
• Language: English
• Binding: Paperback
• Number of pages: 380
• EAN: 9780521142731
• ISBN: 0521142733
• ID: 02023715
• Publisher: Cambridge University Press
• Weight: 550 g
• Dimensions: 229 × 152 × 21 mm
• Date of publishing: 08. April 2010

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