International Capital Flows and National Creditworthiness : Do the Fundamental Things Apply As Time Goes By? /

This paper examines the optimality of international capital flows to a persistent net importer of capital, Australia, during its post-capital-controls period 1984-98. The results suggest that international capital flows were larger than optimal during the 1980s, but in the 1990s such flows have been...

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Bibliographic Details
Main Author: Cashin, Paul
Other Authors: McDermott, C.
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1998.
Series:IMF Working Papers; Working Paper ; No. 1998/172
Online Access:Full text available on IMF