Financial Globalization and Inequality: Capital Flows as a Two-Edged Sword

WPIEA2021004 Image
Price:  $18.00

Author/Editor: Barry J Eichengreen, Balazs Csonto, Asmaa A ElGanainy, Zsoka Koczan
Release Date: © January, 2021
ISBN : 978-1-51356-638-2
Stock #: WPIEA2021004
English
Stock Status: On back-order

Languages and formats available

EnglishFrenchSpanishArabicRussianChinesePortuguese
PaperbackYes
PDFYes
ePubYes

Description

We review the debate on the association of financial globalization with inequality. We show that the within-country distributional impact of capital account liberalization is context specific and that different types of flows have different distributional effects. Their overall impact depends on the composition of capital flows, their interaction, and on broader economic and institutional conditions. A comprehensive set of policies – macroeconomic, financial and labor- and product-market specific – is important for facilitating wider sharing of the benefits of financial globalization.




More publications in this series: Working Papers


More publications by: Barry J Eichengreen ; Balazs Csonto ; Asmaa A ElGanainy ; Zsoka Koczan