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Argentina and the World Capital Market: Saving, Investment, and International Capital Mobility in the Twentieth Century

42 Pages Posted: 13 Jul 2000 Last revised: 7 Oct 2010

Alan M. Taylor

University of California, Davis - Department of Economics; University of Virginia - Department of Economics; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR)

Date Written: December 1997

Abstract

This paper is concerned with integration in the world capital market between the" economies of the core and periphery in the twentieth century. It proceeds with some general" observations and with a special focus on the case of Argentina. I will argue that understanding" the changing relations in international capital markets offers important insights into the growth" and development process, especially for the countries of the periphery. Moreover extent of market integration in history informs current conditions in the relationship between" capital-scarce economies, like Argentina, and the global capital market as a whole. Looking to" the future, the repercussions of economic reform and demographic change suggest likely" implications for future saving, investment, and international capital flows."

Suggested Citation

Taylor, Alan M., Argentina and the World Capital Market: Saving, Investment, and International Capital Mobility in the Twentieth Century (December 1997). NBER Working Paper No. w6302. Available at SSRN: https://ssrn.com/abstract=226057

Alan M. Taylor (Contact Author)

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