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International Capital Mobility and Crowding Out in the U.S. Economy: Imperfect Integration of Financial Markets or of Goods Markets?

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NBER1985-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1773
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Conventional wisdom in the field of international finance holds that the U.S. economy has become so open financiallly as to be characterized by perfect capital mobility: a highly elastic supply of foreign capital prevents the domestic rate of return from rising significantly above the world rate of
提供机构:
美国国家经济研究局
创建时间:
1985-12-01
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