Kawai, Masahiro (contributor); Takagi, Shinji (contributor) - 2008
. CHARACTERISTICS OF CAPITAL INFLOWS
Measuring the Benefits of Capital Mobility
In a perfect world, capital moves from a country with … internationally. In a perfect world, free capital mobility is welfare-enhancing
(Fischer, 1998).
There is disagreement over the … benefits of unfettered international capital flows because we
do not live in a perfect world. There are at least three reasons …