经济Globalization and Capital Markets

Globalization and Capital Markets

文献名称	Globalization and Capital Markets
文献作者	Maurice Obstfeld, Alan M. Taylor
作者所在单位	NBER
文献分类	已发表文献
学科一级分类	经济
学科二级分类	经济史
文献摘要	The ebb and flow of international capital since the nineteenth century illustrates recurring difficulties, as well as the alternative perspectives from which policymakers have tried to confront them. This paper is devoted to documenting these vicissitudes quantitatively and explaining them. Economic theory and economic history together can provide useful insights into events of the past and deliver relevant lessons for today. We argue that theories of how international capital mobility has evolved must be understood within the framework of the basic policy trilemma constraining an open economy's choice of monetary regime.
参考文献
关键字	Globalization,Capital Markets
发表所在刊物（或来源）	NBER Working Paper No. 8846 Issued in March 2002
发表时间	March 2002
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