Czasopismo
Tytuł artykułu
Autorzy
Warianty tytułu
Economic aspects of capital flows liberalization
Języki publikacji
Abstrakty
The process of the globalization is an important phenomenon of the last decades. Globalization helps to intensify the process of the international division of the labor. On the other side, it stimulates an increase of the international capital movement. The traditional arguments toward the broad capital flows liberalization emphasize the growth benefits. But it is rather inconclusive to measure an exact contribution to economic growth. At the same time the financial liberalization may lead to the higher macroeconomic aggregates volatility. There is also some evidence about benefits of the capital flows liberalization on the microeconomic level that shows the distortional effects of the capital controls. In the paper we analyze the economic aspects of the capital flows liberalization, in terms of growth and volatility of the macroeconomic aggregates.
Wydawca
Czasopismo
Rocznik
Tom
Numer
Strony
394-410
Opis fizyczny
Rodzaj publikacji
ARTICLE
Twórcy
autor
- Technická univerzita v Košiciach, Ekonomická fakulta, Němcovej 32, 040 01 Košice, Slovak Republic, rajmund.mirdala@tuke.sk
- R. Mirdala, Ekonomický ústav SAV, Sancová 56, 811 05 Bratislava 1, Slovak Republic
Bibliografia
Typ dokumentu
Bibliografia
Identyfikatory
CEJSH db identifier
07SKAAAA03006163
Identyfikator YADDA
bwmeta1.element.070c4e04-c6af-39d0-8f06-48dfb5bfe0fe