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Saving, Investment, Financial Integration, and the Balance of Payments

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 con...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1989
Series:IMF Working Papers
Subjects:
Finance
Current Account
Short-term Capital Movements
Currency; Foreign Exchange
Capital Markets
Current Account Adjustment
Capital Market
Balance Of Payments
Exports And Imports
General Financial Markets: General (includes Measurement And Data)
International Economics
Foreign Exchange
Financial Markets
Current Account Balance
Exchange Rates
Finance: General
Current Account Deficits
United Kingdom
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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
Physical Description:40 pages
ISBN:9781451948318

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