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Harvard Economic Studies: Capital Transfers and Economic Policy : Canada, 1951-1962 by Richard E. Caves and Grant L. Reuber (1971, Hardcover)

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About this product

Product Identifiers

PublisherHarvard University Press

ISBN-100674094859

ISBN-139780674094857

eBay Product ID (ePID)814950

Product Key Features

Number of Pages432 Pages

Publication NameCapital Transfers and Economic Policy : Canada, 1951-1962

LanguageEnglish

SubjectEconomic Conditions, Economics / General

Publication Year1971

TypeTextbook

AuthorRichard E. Caves, Grant L. Reuber

Subject AreaBusiness & Economics

SeriesHarvard Economic Studies

FormatHardcover

Dimensions

Item Height0.1 in

Item Weight25.6 Oz

Item Length0.8 in

Item Width0.6 in

Additional Product Features

Intended AudienceScholarly & Professional

LCCN79-129123

Dewey Edition18

Series Volume Number135

IllustratedYes

Dewey Decimal332.6/0971

SynopsisBetween 1951 and 1962 nearly ten billion dollars in long-term capital (both direct investment and purchase of securities) flowed into Canada. This massive amount represented one third of all long-term capital moving among industrial nations. Its transfer marked the first time since before World War I that the world witnessed such a large-scale international movement of capital motivated primarily by a prospect of higher rates of return. In Capital Transfers and Economic Policy the authors test the theory of the causes and effects of international capital movements against the evidence drawn from Canada's experience. They explore Canada's adjustment to capital flows and show how the operation of her economic policy is affected by the sensitivity of capital flows to the country's interest rates and foreign-exchange rate. Their brilliant analysis is particularly valuable in light of current trends in capital flows among industrial nations and the June 1970 return of the Canadian dollar to a flexible exchange rate, which put the economy in a working situation similar to that of the fifties.

LC Classification NumberHC120.C3