Sentences with phrase «when international capital flows»

Not exact matches

Fourth, I believe we need better international mechanisms to cushion the adjustment process for when capital flows abruptly change direction.

Except for a period in the early 1960s, when Robert Triffin explored what became known as the Triffin Dilemma, in which foreign hoarding of U.S. dollars was linked to persistent U.S. trade deficits, the relationship between the capital and current accounts seems since then to have mystified most economists, including those specializing in trade, even as U.S. trade deficits and foreign capital inflows soared, and as the growth in international capital flows, once consisting largely of trade finance, exploded relative to trade flows and relegated trade finance to minor importance.

In an earlier phase of international investment, when capital flowed primarily from developed to developing nations, only the latter had to worry about constraints on their sovereignty.