Gros, Daniel.
Why does capital flow from poor to rich countries? This column argues that the direction of capital flows makes economic sense given savings behaviour. But the real puzzle is why savings rates are high in poor countries and low in rich ones.
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NICHOLAS MULDER Governments are taking over private enterprises and resources at the fastest pace in 50 years. Based on the past century’s multiple waves of
Bernhard Bartels, Barry Eichengreen, Julian Schumacher, Beatrice Weder di Mauro The fiscal dominance view holds that politically captured central banks are more likely to be
