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150128 ||| eng |
020 |
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|a 9781451978780
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100 |
1 |
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|a Goldsbrough, David
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245 |
0 |
0 |
|a Globalization of Financial Markets and Implications for Pacific Basin Developing Countries
|c David Goldsbrough, Ranjit Teja
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 1991
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300 |
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|a 28 pages
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651 |
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4 |
|a United States
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653 |
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|a Current Account Adjustment
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653 |
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|a Capital movements
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653 |
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|a Interest Rates: Determination, Term Structure, and Effects
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653 |
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|a Current account
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653 |
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|a Current account balance
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653 |
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|a Financial services
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653 |
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|a Current account deficits
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653 |
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|a Financial Markets and the Macroeconomy
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653 |
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|a Long-term Capital Movements
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653 |
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|a Real interest rates
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653 |
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|a International Finance: General
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653 |
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|a Finance
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653 |
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|a Exports and Imports
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653 |
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|a Balance of payments
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653 |
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|a International Investment
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653 |
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|a Capital flows
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653 |
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|a Short-term Capital Movements
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653 |
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|a Interest rates
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653 |
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|a International economics
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653 |
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|a Banks and Banking
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700 |
1 |
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|a Teja, Ranjit
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041 |
0 |
7 |
|a eng
|2 ISO 639-2
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989 |
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|b IMF
|a International Monetary Fund
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490 |
0 |
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|a IMF Working Papers
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028 |
5 |
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|a 10.5089/9781451978780.001
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856 |
4 |
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|u https://elibrary.imf.org/view/journals/001/1991/034/001.1991.issue-034-en.xml?cid=910-com-dsp-marc
|x Verlag
|3 Volltext
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082 |
0 |
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|a 330
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520 |
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|a This paper analyzes the consequences of the growing interdependence of world financial markets for Pacific developing countries. Section I discusses trends in financial integration in the Pacific and the underlying movements in saving and investment. Section II seeks to quantify the increased capital mobility, in terms of rate of return differentials and the degree of correlation between savings and investment rates across countries. Section III focuses on policy implications of increasing integration, including the effectiveness of macroeconomic policy instruments, the usefulness of the current account as a target of policy, and the dangers of excessive taxation of financial intermediation
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