This book examines the causes, consequences and policy significance of international capital movements and nations' external account imbalances. Traditional theoretical approaches to balance of payments analysis, such as the classical, elasticities, absorption, monetary and Mundell-Fleming models are critically evaluated against an extended international macroeconomic accounting framework. More meaningful capital theoretic models then link saving, investment and foreign capital movements to highlight the macroeconomic gains from international capital mobility and international trade in saving.

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University of Queensland, Australia

A. J. Makin

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A.J.MAKIN

Bibliographic Information

Book Title: International Capital Mobility and External Account Determination
Authors: A. J. Makin
DOI: https://doi.org/10.1057/9780230379091
Publisher: Palgrave Macmillan London
eBook Packages: Palgrave Economics & Finance Collection, Economics and Finance (R0)
Copyright Information: Palgrave Macmillan, a division of Macmillan Publishers Limited 1994
Hardcover ISBN: 978-0-333-61343-6Published: 16 August 1994
eBook ISBN: 978-0-230-37909-1Published: 16 August 1994
Edition Number: 1
Number of Pages: XIII, 147
Topics: Macroeconomics/Monetary Economics//Financial Economics, International Economics

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Table of contents (6 chapters)

Front Matter

Introduction

The External Accounting Framework

Traditional Approaches to the External Accounts

Capital-theoretic Approaches to the External Accounts

Capital Mobility and the External Accounts

Policy Issues and Conclusion

Back Matter

About this book