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Following the Money U.S. Finance in the World Economy
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No longer are financial instruments confined to bank loans and deposits, stocks and bonds, and other traditional forms. Numer- ous financial products have emerged to meet new needs and pref- erences of individuals and institutions. At the same time, opera- tions of major financial institutions increasingly have extended beyond national borders and are now carried out on a worldwide basis. Such changes in capital mobility, product innovation, and industry structure have transformed world financial markets and hastened the internationalization of the U.S. financial system. In this new economic environment, public and private decision makers need relevant, accurate, and timely information on inter- national capital transactions to analyze financial developments in the U.S. economy and to formulate policies arising from them. For example: How does capital mobility affect the functioning of U.S. monetary and fiscal policies?
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Following the Money U.S. Finance in the World Economy
Business Policy and Strategy
English
1995
1-225
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