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Capital mobility. An overview

Author

Listed:
  • H. W. Arndt

    (The Australian National University, The Research School of Pacific Studies, Canberra (Australia))

Abstract

The article analyses the problem of international capital mobility which the Asian crisis has highlighted. It points out that the problem of capital mobility ("hot money" panics) has a long history, but globalization, the opening up of national economies and technological advance have increased the risks. The article discusses four policy debated which are being pursued in the large Asian crisis literature: (i) the pros and cons of capital controls, (ii) the choice of exchange rate regime, (iii) financial factor reform, and (iv) the rule of law.

Suggested Citation

  • H. W. Arndt, 2000. "Capital mobility. An overview," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 53(214), pages 233-243.
    • Handle: RePEc:psl:bnlaqr:2000:31
    as

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    File URL: http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/9918/9800
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Capital Controls; Globalization; History;
    All these keywords.

    JEL classification:

    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • N70 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - General, International, or Comparative

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