000			02034cam a22003377 4500
001			w8846
003			NBER
005			20211020113229.0
006			m o d
007			cr cnu||||||||
008			210910s2002 mau fo 000 0 eng d
100	1		_aObstfeld, Maurice.
245	1	0	_aGlobalization and Capital Markets / _cMaurice Obstfeld, Alan M. Taylor.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c2002.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w8846
500			_aMarch 2002.
520	3		_aThe ebb and flow of international capital since the nineteenth century illustrates recurring difficulties, as well as the alternative perspectives from which policymakers have tried to confront them. This paper is devoted to documenting these vicissitudes quantitatively and explaining them. Economic theory and economic history together can provide useful insights into events of the past and deliver relevant lessons for today. We argue that theories of how international capital mobility has evolved must be understood within the framework of the basic policy trilemma constraining an open economy's choice of monetary regime.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aF2 - International Factor Movements and International Business _2Journal of Economic Literature class.
690		7	_aF33 - International Monetary Arrangements and Institutions _2Journal of Economic Literature class.
700	1		_aTaylor, Alan M. _921545
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w8846.
856	4	0	_uhttps://www.nber.org/papers/w8846
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w8846
942			_2ddc _cW-PAPER
999			_c339346 _d297908