Irwin, Gregor et David Vines (dir.), Financial Market Integration and International Capital Flows, Northampton, ma, Edward Edgar Publishing, 2001, 506 p.

With the acceleration of economic globalization and financial market integration, there has been a gradual increase in the amount of international capital and considerable global movement of capital flow. Due to its inherent uncertainty, immense capital flows, and complex structure, international capital flows have an enormous impact on international trade, finance flowing, and economic development for countries all over the world. This paper aims to provide a full overview of international capital flow, focusing on the internal fluctuation patterns and developing trends in the near future. Through the qualitative analysis of China’s capital flows, this paper also summarizes its major characteristics and multiple effects caused by international capital flows.

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Domestic financial market frictions, unrestricted international capital flows, and crises in small open economies

Economic Theory ◽

10.1007/s00199-002-0324-5 ◽

2004 ◽

Vol 24 (4) ◽

pp. 811-837 ◽

Cited By ~ 3

Author(s):

Gaetano Antinolfi ◽

Elisabeth Huybens

Keyword(s):

Financial Market ◽

Capital Flows ◽

Open Economies ◽

International Capital Flows ◽

Market Frictions ◽

Small Open Economies ◽

International Capital ◽

Financial Market Frictions

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Sustainable Growth of International Financial Markets in the Context of International Capital Flows

Central European Review of Economics & Finance ◽

10.24136/ceref.2018.003 ◽

2018 ◽

Vol 23 (1) ◽

pp. 35-49

Author(s):

Małgorzata Janicka

Keyword(s):

Financial Markets ◽

Financial Market ◽

Capital Flows ◽

Global Economy ◽

Sustainable Growth ◽

International Capital Flows ◽

International Financial Markets ◽

International Capital ◽

International Aspects ◽

The Impact

In relation to financial markets sustainable growth is usually understood in a simplified and one-dimensional way as a share of financial market in the flow of investment resources from investors to projects that form part of broadly understood corporate social responsibility (CSR). Sustainable growth is usually described as an interconnection of three elements: economy, society, and environment. In such an approach the point of gravity clearly shifts towards the environmental dimension (natural resources) and the impact of economic growth upon the environment. However, if we assume that sustainable development per se goes beyond environmental and social aspects, we need to consider whether we could interpret the idea of “sustainable growth of the financial market” in relation to how economic system operates. In the paper the approach in the context of changes that take place in international financial markets and their impact upon stability of relations in international economy is proposed. The interest focuses especially on one of these elements, i.e., changes in the volume and structure of international capital flows. Hence, the goal of the paper is to analyse selected international aspects of capital flows against the background of challenges to sustainable growth of the global economy.

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