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OverviewThis paper measures how well international financial markets allocate savings among investment opportunities world-wide by measuring the correlation between national domestic savings and investment ratios. It concludes that financial markets have become more efficient in this respect since the 1960s, but that even in the 1990s capital was a lot less than completely mobile. The paper discusses the obstacles to capital mobility, including official controls, cultural and legal obstacles, and monetary and financial instability. It explores the difficult issues that countries have to face when choosing an exchange rate regime and suggests that the changing nature of the foreign exchange market is an important influence on such decisions. Full Product DetailsAuthor: William A. AllenPublisher: Royal Institute of International Affairs Imprint: Royal Institute of International Affairs Dimensions: Width: 12.70cm , Height: 0.40cm , Length: 19.70cm Weight: 0.012kg ISBN: 9781862031302ISBN 10: 1862031304 Pages: 50 Publication Date: 30 April 2001 Audience: College/higher education , Professional and scholarly , Undergraduate , Postgraduate, Research & Scholarly Format: Paperback Publisher's Status: Active Availability: Out of stock The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available. Table of ContentsReviewsAuthor InformationWilliam A. Allen is deputy director of market operations at the Bank of England. Tab Content 6Author Website:Countries AvailableAll regions |