This study examines the major macroeconomic determinants and the structural relationships of current account variability, capital flows, saving and investment i

A long literature since Feldstein and Horioka's seminal contribution documents the strong correlation of domestic saving and investment rates since the 1960s. A

The gradual acceleration of growth in developing countries is a defining feature of the past two decades. This acceleration came with major shifts in patterns o

Paul J.J. Welfens and Holger C. Wolf While the economies of Asia and, more recently, South as well as North America have enjoyed sustained high growth, the grow

This paper is concerned with integration in the world capital market between the" economies of the core and periphery in the twentieth century. It proceeds with

The 1990s witnessed a significant surge in international capital flows. However, unlike in the previous episodes of high capital mobility , not only developed c

First published in 1988, this study of international capital movements looks at their historical role in the financing of trade and their dramatically increased

Globalisation, financial deregulation, a single European currency - what do all of these changes mean for the world economy?

The tremendous success of China's program of economic reform and the rapid integration of China into the global economy have prompted this study on the economic