[DOWNLOAD] "Reassessing International Capital Mobility: The Feldstein-Horioka Puzzle Disappears?" by Indian Journal of Economics and Business # eBook PDF Kindle ePub Free

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eBook details

• Title: Reassessing International Capital Mobility: The Feldstein-Horioka Puzzle Disappears?
• Author : Indian Journal of Economics and Business
• Release Date : January 01, 2009
• Genre: Business & Personal Finance,Books,
• Pages : * pages
• Size : 260 KB

Description

Abstract Financial globalization, apart from creating new opportunities for investors, also exposes the economy to financial crises. The present study proposes a model that captures the dynamics of financial integration in developed countries over a period of thirty four years. The results show that the mid-nineties, marking the era of globalization, were also characterized by unprecedented increases in global capital mobility as reflected in saving-investment correlation coefficients. In doing so, the 'study is able to establish the possibility that the well-known Feldstein-Horioka puzzle does not exist any longer.

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