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International Capital Flows: Economic Problems and Policy Implications Rutilius Taurus Aemilianus Damit hat sich ihr MarktanteilInhaltsangabe: Abstract: This paper deals with three highly controversial aspects in the international finance literature: the degree of international financial integration, the economic impact of capital mobility, and the potential role of capital controls in the emerging international financial architecture. Regarding the first aspect, many observers have been influenced by the recent hype about ? globalisation? and in fact take it for granted that
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