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Capital Mobility

The Impact on Consumption, Investment and Growth

Assaf Razin editor Leonardo Leiderman editor

Format:Hardback

Publisher:Cambridge University Press

Published:14th Jul '94

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Capital Mobility cover

This edited volume examines capital mobility in both industrialised and developing countries.

Drawn from the proceedings of a CEPR conference with the Bank of Israel and Tel Aviv University's Pinhas Sapir Center for Development, this volume examines the implications of increased international capital mobility for both industrialised and developing countries.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.

"...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

ISBN: 9780521454384

Dimensions: 229mm x 152mm x 25mm

Weight: 660g

380 pages