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| 001 | 9092214315013 | ||
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| 005 | 20190524092024.0 | ||
| 008 | 090922s2009 xx ||||gr |0|| 0 eng d | ||
| 100 | 1 |
_937672 _aPalley, Thomas |
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| 245 | 1 | 0 | _aRethinking the economics of capital mobility and capital controls |
| 260 |
_bEditora 34, _cjul./set.2009 |
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| 520 | 3 | _aThis paper reexamines the issue of international financial capital mobility, which is todays economic orthodoxy. Discussion is often framed in terms of the impossible trinity. That framing distorts discussion by representing capital mobility as having equal significance with sovereign monetary policy and control over exchange rates. It also distorts discussion by ignoring possibilities for coordinated monetary policy and exchange rates, and for managed capital flows. The case for capital mobility rests on neo-classical economic efficiency arguments and neo-liberal political arguments. The case against capital mobility is based on Keynesian macroeconomic inefficiency arguments, neo-Walrasian market failure arguments, and neo-Marxian arguments regarding distortion of the social structure of accumulation. Close examination shows the case for capital mobility to be extremely flimsy, pointing to the ideological dimension behind todays policy orthodoxy. | |
| 590 | _av. 29, n. 3(115) | ||
| 773 | 0 | 8 |
_tRevista de Economia Política = Brazilian Journal of Political Economy _g29, 3, p. 15-34 _dEditora 34, jul./set.2009 _xISSN 01013157 _w |
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_a20090922 _b1431^b _cmayze |
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_a20140306 _b0942^b _ckarina |
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_aConvertido do Formato PHL _bPHL2MARC21 1.1 _c30045 _d30045 |
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| 041 | _aeng | ||