Goodhart, Charles and Tsomocos, Dimitrios (2014) International Monetary Regimes. Capitalism and Society, 9 (2).
International monetary relationships have been under strain in recent years. This is largely because adjustment mechanisms are asymmetric; the IMF has no means of putting pressure on countries with large current account surpluses to adjust. But such countries' accompanying capital account outflows have often had disappointing returns. So, we propose a method to impose symmetric constraints on the net capital flows both of deficit and surplus countries.
|Date Deposited:||13 Aug 2014 14:11|
|Last Modified:||27 Feb 2017 10:19|
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