Saving, Investment, Financial Integration, and the Balance of Payments
Download or Read eBook Saving, Investment, Financial Integration, and the Balance of Payments PDF written by International Monetary Fund and published by International Monetary Fund. This book was released on 1989-12-14 with total page 40 pages. Available in PDF, EPUB and Kindle.
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 40 |
Release | : 1989-12-14 |
ISBN-10 | : 9781451948318 |
ISBN-13 | : 145194831X |
Rating | : 4/5 (18 Downloads) |
Book Synopsis Saving, Investment, Financial Integration, and the Balance of Payments by : International Monetary Fund
Book excerpt: This paper examines the extent of international financial integration, and its consequences for the current account. The evidence indicates that financial liberalization in the 1970s and 1980s has resulted in a substantial movement towards closer integration of world capital markets. By reducing constraints on international capital flows, this movement makes the current account more of a residual factor in agents’ decisions.