Relaxing regulations on international capital flows could favorably impact the economic growth of nations, as it offers opportunities for richer countries to finance investment projects that are crucial for struggling countries. However, it could also lead to systemic instability, contributing to a series of violent financial crises. Identifying and updating the rules and institutions that can increase the stability of the international monetary system, while ensuring that capital can truly contribute to sustainable economic development worldwide, remains probably one of the most urgent challenges facing policy makers.
(2024). Capital flows and financial crises . Retrieved from https://hdl.handle.net/10446/268630
Capital flows and financial crises
Lucarelli, Stefano
2024-03-18
Abstract
Relaxing regulations on international capital flows could favorably impact the economic growth of nations, as it offers opportunities for richer countries to finance investment projects that are crucial for struggling countries. However, it could also lead to systemic instability, contributing to a series of violent financial crises. Identifying and updating the rules and institutions that can increase the stability of the international monetary system, while ensuring that capital can truly contribute to sustainable economic development worldwide, remains probably one of the most urgent challenges facing policy makers.| File | Dimensione del file | Formato | |
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