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Changes in international capital flows and monetary dominance: a study of small and large economies

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  • R. Kupchak
  • M. Monadjemi

Abstract

This study attempts to examine changes that have occurred in the extent of international 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.

Suggested Citation

  • R. Kupchak & M. Monadjemi, 2000. "Changes in international capital flows and monetary dominance: a study of small and large economies," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 2(2), pages 123-142.
    • Handle: RePEc:ids:gbusec:v:2:y:2000:i:2:p:123-142
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