Financial ‘globalization’ and exchange rate regimes
This paper argues that, although international capital flows have increasedrapidly in recent decades, financial markets are still far from forming a unified global market.It also argues that the effect of increasing capital mobility on national economic policyautonomy continues to depend, to a large...
| Autor: | |
|---|---|
| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 1998 |
| País: | Brasil |
| Institución: | EDITORA 34 |
| Repositorio: | Revista de Economia Política |
| Idioma: | portugués |
| OAI Identifier: | oai:ojs2.centrodeeconomiapolitica.org:article/1132 |
| Acceso en línea: | https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1132 |
| Access Level: | acceso abierto |
| Palabra clave: | Capital flows globalization exchange rate regimes exchange rate policy liberalization Fluxos de capital globalização regimes cambiais política cambial liberalização |
| Sumario: | This paper argues that, although international capital flows have increasedrapidly in recent decades, financial markets are still far from forming a unified global market.It also argues that the effect of increasing capital mobility on national economic policyautonomy continues to depend, to a large extent, on the choice of the exchange rate regime. JEL Classification: F31; F62. |
|---|