Capital Flows Quotes

The world is constantly in a race to the top, in terms of there's a limited amount of capital and you've got to figure where it's going. And if your currency is weakening, that means you're paying a load.

There are few colonial nations anymore. Instead, we are colonized by financial institutions beyond our political control. We are colonized with pens and papers and millions of little digital bursts transferring billions of dollars all over the globe in the blink of an eye.

Increasingly, the Chinese will own a lot more of the world because they will be converting their dollar reserves and U.S. government bonds into real assets.

Like air traffic, the free movement of capital needs controls.

When financial sectors are small and capital is mobile, floating exchange rates spell massive currency volatility. When a lot of foreign capital flows in, a freely floating exchange rate rises sharply, wreaking havoc for domestic banks and exporters alike.

We do not attract Russian money to Luxembourg with high interest rates.

More and more investors may be coming into markets everywhere but that doesn't mean that the markets are really getting more and more efficient, even in the United States. It does mean that there is more access for savvy investors who watch the money flows.

Portfolio investment, often called 'hot money' because of its volatile nature, can increase the economy's vulnerability to the vagaries of international finance. Foreign direct investment, on the other hand, is far more stable and driven by domestic fundamentals.

The long-standing wisdom that everyone wins in a single world market has been undermined. Global trade, capital flows, and immigration are declining.

The leaders of the world's largest economies agreed during the November 2008 G20 summit not to create barriers hindering global trade and capital flows. Russia shares these principles.

We've become a debtor nation. I don't mean just on fixed-loan terms, but we own increasingly less abroad than is owned from abroad here.

The developing countries are scared out of their wits now, because they don’t understand what they’re being forced to sign. The agreements are going way outside the trade issues and involve a helluva lot of things like your access to oil, your access to intellectual property and capital controls…. When I looked through the investment agreements, it was worse than reading my insurance policy for the fine print. I couldn’t make anything out of it, and I’m a reasonably informed person, a pretty smart economist as they go.

The industrial world enjoys a rare combination of growth and low inflation; the 'Washington consensus,' a model of economic development that emphasizes macroeconomic discipline and open markets, is being adopted by more countries.

In my early days, I wrote my dissertation for MIT at the London School of Economics, really under James Meade, but my dissertation was five chapters on the theory of capital movement, but it didn't mention money.

Policies aimed at attracting more foreign investment into India would naturally be a part of an external stabilisation strategy.

The increased global linkages promote economic growth in the world through two key mechanisms: the division of labor and the international spillovers of knowledge.

Now financial liberalization is just a catastrophe waiting to happen, and there are very well understood reasons for that.

There is a surplus of capital as well as of goods. The financiers no longer know where to place it. Then they go among the happy nations who are leafing in the sun smoking cigarettes and they lay down railroads, erect factories and import the curse of work. And this exportation of French capital ends one fine morning in diplomatic complications

Making money, it seems, is all about the velocity of moving it around, so that it can exist in Hong Kong one moment and Wall Street a split second later.

While U.S. investments in India are growing, we also need Indian investments in America.

There's been a dichotomy in the world financial markets over the last 30 years between the developed markets and the developing markets. Brazil, for example, always had to pay a lot more in interest to borrow money than governments in developed nations.

During the last two centuries, there have been many deflations throughout the world. Almost all of them have been good ones precipitated by technological innovation, rising productivity, global capital flows, and sustained economic growth. If farm mechanization cuts the price of wheat, you get a rising living standard. This is good.

We live in an era where the global capital markets are the super power in the world, and when they move against you as they've moved against Russia, as we've all seen in the ruble, there's nothing that can stop that.

Western investment is usually assumed to walk hand-in-hand with the democratic values of its home countries, and indeed, opening an economy to outside money is one of the textbook steps in a shift from authoritarianism to an open society.

For many countries, monetary sovereignty is nothing more than an unattainable ideal.