Increasing global capital flows are principally beneficial for the improved international allocation of capital, credit and risks, but this process is not without risks for global financial stability. Expanded global monitoring of international capital flows should deepen our knowledge of the...

Some forecasters recently have predicted that OPEC countries with continuing current account surpluses will shift from long-term to short-term investments in the near future to improve their liquidity positions. However, careful study of a variety of data, including historical patterns, suggests...

In the context of the New International Economic Order (NIEO) the developing countries are expressing more and more frequently a wish for stricter control over the multinational enterprises. What should be the features of a Code of Conduct for Multinationals?

The demand for control over transnational corporations forms part of the demands for a New International Economic Order. The statements about the question of effective means of control are however so far vague and in the context of the demands for a New Economic Order even contradictory. Until...