Internationalisation of Financial Markets: Some Implications for Macroeconomic Policy and for the Allocation of Capital
This paper analyses the effects of the internationalisation of financial markets on the conduct of macroeconomic policy and the allocation of capital. It first examines the increased integration between domestic and external (or "Euro") financial markets and the recent tendency towards con...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Weitere Verfasser: | |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
1986
|
| Schriftenreihe: | OECD Economics Department Working Papers
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper analyses the effects of the internationalisation of financial markets on the conduct of macroeconomic policy and the allocation of capital. It first examines the increased integration between domestic and external (or "Euro") financial markets and the recent tendency towards convergence of real interest rates among financially open countries. After briefly touching on the macro policy consequences of financial internationalisation, the paper then deals with long-term implications for the international allocation of capital, with special emphasis on the existence of tax distortions. Using estimated tax wedges for business investment and the supply block of the INTERLINK system, it shows that, under integrated financial markets, the existing tax distortions could generate a large imbalance in the net external asset position which involves a significant welfare cost ... |
| Beschreibung: | 1 Online-Ressource (99 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/322664267766 |
Internformat
MARC
| LEADER | 00000nam a2200000zc 4500 | ||
|---|---|---|---|
| 001 | BV047936759 | ||
| 003 | DE-604 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 220413s1986 xx o|||| 00||| eng d | ||
| 024 | 7 | |a 10.1787/322664267766 |2 doi | |
| 035 | |a (ZDB-13-SOC)061248606 | ||
| 035 | |a (OCoLC)1312697246 | ||
| 035 | |a (DE-599)BVBBV047936759 | ||
| 040 | |a DE-604 |b ger |e aacr | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-384 |a DE-91 |a DE-473 |a DE-824 |a DE-29 |a DE-739 |a DE-355 |a DE-20 |a DE-1028 |a DE-1049 |a DE-188 |a DE-521 |a DE-861 |a DE-898 |a DE-92 |a DE-573 |a DE-19 | ||
| 100 | 1 | |a Fukao, Mitsuhiro |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Internationalisation of Financial Markets |b Some Implications for Macroeconomic Policy and for the Allocation of Capital |c Mitsuhiro Fukao and Masaharu Hanazaki |
| 264 | 1 | |a Paris |b OECD Publishing |c 1986 | |
| 300 | |a 1 Online-Ressource (99 Seiten) |c 21 x 29.7cm | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 490 | 0 | |a OECD Economics Department Working Papers | |
| 520 | |a This paper analyses the effects of the internationalisation of financial markets on the conduct of macroeconomic policy and the allocation of capital. It first examines the increased integration between domestic and external (or "Euro") financial markets and the recent tendency towards convergence of real interest rates among financially open countries. After briefly touching on the macro policy consequences of financial internationalisation, the paper then deals with long-term implications for the international allocation of capital, with special emphasis on the existence of tax distortions. Using estimated tax wedges for business investment and the supply block of the INTERLINK system, it shows that, under integrated financial markets, the existing tax distortions could generate a large imbalance in the net external asset position which involves a significant welfare cost ... | ||
| 650 | 4 | |a Economics | |
| 700 | 1 | |a Hanazaki, Masaharu |4 ctb | |
| 856 | 4 | 0 | |u https://doi.org/10.1787/322664267766 |x Verlag |z kostenfrei |3 Volltext |
| 912 | |a ZDB-13-SOC | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-033318253 | |
Datensatz im Suchindex
| _version_ | 1818806114792243200 |
|---|---|
| adam_text | |
| adam_txt | |
| any_adam_object | |
| any_adam_object_boolean | |
| author | Fukao, Mitsuhiro |
| author2 | Hanazaki, Masaharu |
| author2_role | ctb |
| author2_variant | m h mh |
| author_facet | Fukao, Mitsuhiro Hanazaki, Masaharu |
| author_role | aut |
| author_sort | Fukao, Mitsuhiro |
| author_variant | m f mf |
| building | Verbundindex |
| bvnumber | BV047936759 |
| collection | ZDB-13-SOC |
| ctrlnum | (ZDB-13-SOC)061248606 (OCoLC)1312697246 (DE-599)BVBBV047936759 |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| doi_str_mv | 10.1787/322664267766 |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nam a2200000zc 4500</leader><controlfield tag="001">BV047936759</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">220413s1986 xx o|||| 00||| eng d</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1787/322664267766</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-13-SOC)061248606</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1312697246</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV047936759</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">aacr</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-384</subfield><subfield code="a">DE-91</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-824</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-1028</subfield><subfield code="a">DE-1049</subfield><subfield code="a">DE-188</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-861</subfield><subfield code="a">DE-898</subfield><subfield code="a">DE-92</subfield><subfield code="a">DE-573</subfield><subfield code="a">DE-19</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Fukao, Mitsuhiro</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Internationalisation of Financial Markets</subfield><subfield code="b">Some Implications for Macroeconomic Policy and for the Allocation of Capital</subfield><subfield code="c">Mitsuhiro Fukao and Masaharu Hanazaki</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Paris</subfield><subfield code="b">OECD Publishing</subfield><subfield code="c">1986</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (99 Seiten)</subfield><subfield code="c">21 x 29.7cm</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">OECD Economics Department Working Papers</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">This paper analyses the effects of the internationalisation of financial markets on the conduct of macroeconomic policy and the allocation of capital. It first examines the increased integration between domestic and external (or "Euro") financial markets and the recent tendency towards convergence of real interest rates among financially open countries. After briefly touching on the macro policy consequences of financial internationalisation, the paper then deals with long-term implications for the international allocation of capital, with special emphasis on the existence of tax distortions. Using estimated tax wedges for business investment and the supply block of the INTERLINK system, it shows that, under integrated financial markets, the existing tax distortions could generate a large imbalance in the net external asset position which involves a significant welfare cost ...</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Economics</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Hanazaki, Masaharu</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://doi.org/10.1787/322664267766</subfield><subfield code="x">Verlag</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-033318253</subfield></datafield></record></collection> |
| id | DE-604.BV047936759 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T19:35:06Z |
| indexdate | 2024-12-18T19:04:38Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033318253 |
| oclc_num | 1312697246 |
| open_access_boolean | 1 |
| owner | DE-384 DE-91 DE-BY-TUM DE-473 DE-BY-UBG DE-824 DE-29 DE-739 DE-355 DE-BY-UBR DE-20 DE-1028 DE-1049 DE-188 DE-521 DE-861 DE-898 DE-BY-UBR DE-92 DE-573 DE-19 DE-BY-UBM |
| owner_facet | DE-384 DE-91 DE-BY-TUM DE-473 DE-BY-UBG DE-824 DE-29 DE-739 DE-355 DE-BY-UBR DE-20 DE-1028 DE-1049 DE-188 DE-521 DE-861 DE-898 DE-BY-UBR DE-92 DE-573 DE-19 DE-BY-UBM |
| physical | 1 Online-Ressource (99 Seiten) 21 x 29.7cm |
| psigel | ZDB-13-SOC |
| publishDate | 1986 |
| publishDateSearch | 1986 |
| publishDateSort | 1986 |
| publisher | OECD Publishing |
| record_format | marc |
| series2 | OECD Economics Department Working Papers |
| spelling | Fukao, Mitsuhiro Verfasser aut Internationalisation of Financial Markets Some Implications for Macroeconomic Policy and for the Allocation of Capital Mitsuhiro Fukao and Masaharu Hanazaki Paris OECD Publishing 1986 1 Online-Ressource (99 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers This paper analyses the effects of the internationalisation of financial markets on the conduct of macroeconomic policy and the allocation of capital. It first examines the increased integration between domestic and external (or "Euro") financial markets and the recent tendency towards convergence of real interest rates among financially open countries. After briefly touching on the macro policy consequences of financial internationalisation, the paper then deals with long-term implications for the international allocation of capital, with special emphasis on the existence of tax distortions. Using estimated tax wedges for business investment and the supply block of the INTERLINK system, it shows that, under integrated financial markets, the existing tax distortions could generate a large imbalance in the net external asset position which involves a significant welfare cost ... Economics Hanazaki, Masaharu ctb https://doi.org/10.1787/322664267766 Verlag kostenfrei Volltext |
| spellingShingle | Fukao, Mitsuhiro Internationalisation of Financial Markets Some Implications for Macroeconomic Policy and for the Allocation of Capital Economics |
| title | Internationalisation of Financial Markets Some Implications for Macroeconomic Policy and for the Allocation of Capital |
| title_auth | Internationalisation of Financial Markets Some Implications for Macroeconomic Policy and for the Allocation of Capital |
| title_exact_search | Internationalisation of Financial Markets Some Implications for Macroeconomic Policy and for the Allocation of Capital |
| title_exact_search_txtP | Internationalisation of Financial Markets Some Implications for Macroeconomic Policy and for the Allocation of Capital |
| title_full | Internationalisation of Financial Markets Some Implications for Macroeconomic Policy and for the Allocation of Capital Mitsuhiro Fukao and Masaharu Hanazaki |
| title_fullStr | Internationalisation of Financial Markets Some Implications for Macroeconomic Policy and for the Allocation of Capital Mitsuhiro Fukao and Masaharu Hanazaki |
| title_full_unstemmed | Internationalisation of Financial Markets Some Implications for Macroeconomic Policy and for the Allocation of Capital Mitsuhiro Fukao and Masaharu Hanazaki |
| title_short | Internationalisation of Financial Markets |
| title_sort | internationalisation of financial markets some implications for macroeconomic policy and for the allocation of capital |
| title_sub | Some Implications for Macroeconomic Policy and for the Allocation of Capital |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/322664267766 |
| work_keys_str_mv | AT fukaomitsuhiro internationalisationoffinancialmarketssomeimplicationsformacroeconomicpolicyandfortheallocationofcapital AT hanazakimasaharu internationalisationoffinancialmarketssomeimplicationsformacroeconomicpolicyandfortheallocationofcapital |