The increased mobility of capital of the last few decades creates new challenges for the macroeconomic policies of the nation-states. In this paper we analyse some of these challenges. Contrary to what is often alleged, increased capital mobility does not necessarily increase the need for co-ordination of monetary and fiscal policies. The reason is that this increased mobility of capital has led many nations to move towards greater exchange rate flexibility. And the latter reduces the need to co-operate in the monetary field. The effect on the need for fiscal policy co-ordination crucially depends on how spillovers of fiscal policies from one country to the other are changed. To the extent that capital market integration and trade integrati...
The debate about the scope of feasible policy-making in an era of globalisation continues to be set ...
The issue of capital mobility and the related issue of financial market integration is one of the mo...
In this paper I use a broad multi-country data set to analyze the relationship between restrictions ...
We consider capital controls and their impact on selected countries, providing a critique of IMF pol...
This paper reexamines the issue of international financial capital mobility, which has become today’...
This paper reexamines the issue of international financial capital mobility, which has become today’...
Capital mobility is helpful to cope with the loss of adjustment instruments in EMU. High capital mob...
Capital mobility is helpful to cope with the loss of adjustment instruments in EMU. High capital mob...
Capital mobility is helpful to cope with the loss of adjustment instruments in EMU. High capital mob...
A large strand of literature is now dealing with whether increased economic integration is potential...
In this paper I analyze whether restrictions to capital mobility reduce vulnerability to external sh...
This paper reviews how economists responded to the Feldstein–Horioka (FH) view that a high saving‐in...
Feldstein-Horioka hypothesis states that if there is perfect capital mobility, low correlation betwe...
This paper considers some implications for macroeconomic policy in an open economy if-as appears hig...
The globalisation hypothesis has altered many of the common-sense ‘truths’ around which the social w...
The debate about the scope of feasible policy-making in an era of globalisation continues to be set ...
The issue of capital mobility and the related issue of financial market integration is one of the mo...
In this paper I use a broad multi-country data set to analyze the relationship between restrictions ...
We consider capital controls and their impact on selected countries, providing a critique of IMF pol...
This paper reexamines the issue of international financial capital mobility, which has become today’...
This paper reexamines the issue of international financial capital mobility, which has become today’...
Capital mobility is helpful to cope with the loss of adjustment instruments in EMU. High capital mob...
Capital mobility is helpful to cope with the loss of adjustment instruments in EMU. High capital mob...
Capital mobility is helpful to cope with the loss of adjustment instruments in EMU. High capital mob...
A large strand of literature is now dealing with whether increased economic integration is potential...
In this paper I analyze whether restrictions to capital mobility reduce vulnerability to external sh...
This paper reviews how economists responded to the Feldstein–Horioka (FH) view that a high saving‐in...
Feldstein-Horioka hypothesis states that if there is perfect capital mobility, low correlation betwe...
This paper considers some implications for macroeconomic policy in an open economy if-as appears hig...
The globalisation hypothesis has altered many of the common-sense ‘truths’ around which the social w...
The debate about the scope of feasible policy-making in an era of globalisation continues to be set ...
The issue of capital mobility and the related issue of financial market integration is one of the mo...
In this paper I use a broad multi-country data set to analyze the relationship between restrictions ...