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Internationale Kapitalströme, Triebkraft der Globalisierung

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  • Matthes, Jürgen

Abstract

Der internationale Kapitalverkehr ist zum Motor der Globalisierung geworden. Seit Mitte der 80er-Jahre expandiert er doppelt so rasch wie der Warenhandel und fast viermal stärker als die Weltproduktion. Hierzu haben vor allem Direktinvestitionen und das Aktienkapital beigetragen. Zu den Gewinnern dieser aufwärts strebenden internationalen Arbeitsteilung gehören auch die Entwicklungsländer. Ihr Kapitalimport ist stärker angestiegen als der der Industrieländer. Allerdings hat es diesbezüglich vor der Asienkrise von 1997/98 auch Übertreibungen gegeben. Dem soll zukünftig mit schärferen Bonitätskontrollen entgegengewirkt werden.

Suggested Citation

  • Matthes, Jürgen, 2002. "Internationale Kapitalströme, Triebkraft der Globalisierung," IW-Trends – Vierteljahresschrift zur empirischen Wirtschaftsforschung, Institut der deutschen Wirtschaft (IW) / German Economic Institute, vol. 29(1), pages 33-39.
    • Handle: RePEc:zbw:iwktre:156816
    DOI: 10.2373/1864-810X.02-01-05
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    References listed on IDEAS

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    1. Maurice Obstfeld & Alan M. Taylor, 2003. "Globalization and Capital Markets," NBER Chapters, in: Globalization in Historical Perspective, pages 121-188, National Bureau of Economic Research, Inc.
    2. Speyer, Bernhard, 2001. "Internationalisation of banking and banking supervision," Research Notes 01-7, Deutsche Bank Research.
    3. Fuest, Winfried & Matthes, Jürgen & Pfister, Matthias, 2001. "Die Bedeutung der Pensionsfonds für Altersvorsorge und Finanzmärkte," IW-Trends – Vierteljahresschrift zur empirischen Wirtschaftsforschung, Institut der deutschen Wirtschaft (IW) / German Economic Institute, vol. 28(3), pages 74-92.
    4. Allen N. Berger & Robert DeYoung & Hesna Genay & Gregory F. Udell, 1999. "Globalization of financial institutions: evidence from cross-border banking performance," Working Paper Series WP-99-25, Federal Reserve Bank of Chicago.
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