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International Capital Mobility in the 1990s

Obstfeld, Maurice - 1993

capital mobility. Three main functions of a globally integrated and efficient world capital market provide focal points for … lifetime consumption profiles. Third, new saving, regardless of its country of origin, is allocated toward the world's most …

Persistent link: https://www.econbiz.de/10012474408

Risk-Taking, Global Diversification, and Growth

Obstfeld, Maurice - 1992

an attendant world portfolio shift from safe, but low-yield, capital into riskier, high-yield capital. The presence of … of specialized, hence inherently risky, production inputs. A partial calibration exercise based on Penn World Table …

Persistent link: https://www.econbiz.de/10012474882

Fiscal Deficits and Relative Prices in a Growing World Economy

Obstfeld, Maurice - 1988

channel for the communication of fiscal policy shocks to world interest rates, to private saving decisions, and, ultimately …

Persistent link: https://www.econbiz.de/10012476335

International Liquidity : The Fiscal Dimension

Obstfeld, Maurice - 2011

This paper argues that if policymakers seek to enhance global liquidity, then the international community must provide a higher and better coordinated level of fiscal support than it has in the past. Loans to troubled sovereigns or financial institutions imply a credit risk that ultimately must...

Persistent link: https://www.econbiz.de/10012461279