Global Capital Markets: Integration, Crisis, and Growth
Maurice Obstfeld, Alan M. Taylor
Presenting an economic history of international capital mobility in the modern era, this book blends narrative and quantitative methods and connects economic outcomes to the underlying political economy of international macroeconomics. It demonstrates that recent globalization can be seen, in part, as the resumption of a liberal world order that had previously been established in the years 1880-1914, although much is different in its causes and consequences.
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