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Changes in International Captial Flows and Monetary Dominance: a Study of Small and Large Economies

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Author Info
Kupchak, R.
Monadjemi, M.
Abstract

Thie study attempts to examine changes that have occurred in the extent of internatinal capital flows over the past three decades. In addition, the paper investigates the influence of changes in large economies interest rates on rates in smaller economies. Empirical results of the study show that capital flows have increased over time and that the US has played a dominant role in setting global financial conditions while Germany has emerged as a dominant regional economy.

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Publisher Info
Paper provided by New South Wales - School of Economics in its series Papers with number 99/13.

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Length: 28 pages
Date of creation: 1999
Date of revision:
Handle: RePEc:fth:nesowa:99/13

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Related research
Keywords: CAPITAL ; INTERNATIONAL AFFAIRS ; INTERNATIONAL ECONOMY;

Find related papers by JEL classification:
F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
F20 - International Economics - - International Factor Movements and International Business - - - General

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