[Download] "Exchange Rates and Capital Freedom in Developing Markets." by The Cato Journal * Book PDF Kindle ePub Free

June 21, 2021

eBook details

Title: Exchange Rates and Capital Freedom in Developing Markets.
Author : The Cato Journal
Release Date : January 01, 2005
Genre: Politics & Current Events,Books,
Pages : * pages
Size : 264 KB

Description

Merits and Demerits of International Investment Ideally, resources saved from producing for current consumption are invested where they will create the most value, whether at home or abroad. Savers and investors, dealing with one another either directly or indirectly through financial intermediaries and securities markets, both normally share the gains. Skepticism centers nowadays on hot money, herd behavior, destabilizing speculation, and banking and currency crises. Even as eminent a champion of free trade in goods and services as Jagdish Bhagwati (1998) maintains that capital is different and regrets its unrestrained mobility.