Reversal Of Capital Account Globalization Likely To Persist: UBSMani
The reduced capital inflow into fixed exchange rate regimes could imply that the collapse in capital account globalization since the crisis is not over, notes UBS.
Paul Donovan and Sophie Constable of UBS in their February 24, 2016 research note titled: “The continued collapse of globalization” note global capital flow collapsed as a share of global GDP following the global financial crisis.
Capital is more scarce relative to trade
Donovan and Constable reckon international capital is harder to come by. The analysts reckon countries . . .
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