Globalization, Capital Flows, and International Regulation

Levy Economics Institute WP #161

Posted: 3 Jul 1997

See all articles by Andrew Cornford

Andrew Cornford

Jerome Levy Economics Institute, Bard College

Jan A. Kregel

Bard College - The Levy Economics Institute

Date Written: May 1996

Abstract

In the post-war period prior to 1990 policy proposals aimed at reducing the instabilities associated with increased capital flows focused on increasing market efficiencies so that nominal variables would reflect real conditions in the economy. However, those in charge of financial resource flows applied theories largely unconcerned with fundamentals, resulting in such financial market instabilities as volatility in the foreign exchange market. Andrew Cornford, of the Global Interdependence Division of UNCTAD, and Jan Kregel, of the University of Bologna, examine the policies of the post-war period and the reasons for their failure to produce economic stability. They then explore the means by which instability might be reduced.

JEL Classification: F33, F34, N10, N20

Suggested Citation

Cornford, Andrew and Kregel, Jan A., Globalization, Capital Flows, and International Regulation (May 1996). Levy Economics Institute WP #161. Available at SSRN: https://ssrn.com/abstract=8709

Andrew Cornford (Contact Author)

Jerome Levy Economics Institute, Bard College

Blithewood
Annandale-on-Hudson, NY 12504
United States
845-758-7700 (Phone)
845-758-1149 (Fax)

Jan A. Kregel

Bard College - The Levy Economics Institute ( email )

Blithewood
Annandale-on-Hudson, NY 12504
United States
845-758-7700 (Phone)
845-758-1149 (Fax)

Here is the Coronavirus
related research on SSRN

Paper statistics

Abstract Views
1,040
PlumX Metrics