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This book offers a comprehensive analysis of the debates on international capital flows, and presents a new evidence-based answer to the long-standing question

International capital flows from rich to poor countries can be regarded as either too low (the Lucas paradox in a one-sector model) or too high (when compared w

International capital flows from rich to poor countries can be regarded as either too low (the Lucas paradox in a one-sector model) or too high (when compared w

Robert Lucas is known among economists as one of the most influential macroeconomists of recent times – a reputation founded in no small part on the critical

Does capital flow from rich to poor countries? We revisit the Lucas paradox and explore the role of capital account restrictions in shaping capital flows at var