2024-03-29T11:32:10Zhttps://repositorio.bde.es/oai/requestoai:repositorio.bde.es:123456789/88582023-06-15T11:40:07Zcom_123456789_21com_123456789_5865com_123456789_5861col_123456789_5901col_123456789_5948
Towards efficient capital flow management
Estrada García, Angel
Molina Sánchez, Luis
Sánchez Pastor, Paula
Viani, Francesca
Economía internacional
Análisis financiero
Artículo de revista
Financial globalisation has advanced notably in recent decades. In principle, greater integration should raise the degree of economic efficiency. However, the empirical evidence suggests that, for this to occur, countries should have well-designed economic institutions and sufficiently developed local financial markets. Moreover, these flows may jeopardise financial stability in certain circumstances, whereby the economic authorities need to draw on criteria and instruments to withstand such situations. These tools should be used as part of a broader programme of measures that includes the macro and microeconomic adjustments required. Furthermore, international cooperation emerges as a necessary complement to globalisation
2017-02-09
Artículo
https://repositorio.bde.es/handle/123456789/8858
eng
Economic Bulletin / Banco de España, 1/2017
Versión en español 123456789/8245
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