Darvas, Zoslt, Merler, Sylvia, Huttl, Pia, Walsh, Thomas, (2016), “Analysis of developments in EU capital flows in the global context”, Bruegel, 28 January
Free movement of capital, which is one of the four fundamental economic freedoms of the European Union, can enhance welfare if it leads to better allocation of financial and productive resources. However, it can also be a source of vulnerability, with far-reaching spillovers. Monitoring and assessing capital flows is therefore crucial for policymakers, market participants and analysts.
- Merler, Silvia, (2015), ” Squaring the cycle: capital flows, financial cycles, and macro-prudential policy in the euro area”, Bruegel Publications, November.
- Gopinath, Gita, Kalemli-Ozcan, Sebnem, Karabarbounis, Loukas, Villegas-Sanchez, Carolina, (2015), “Low interest rates, capital flows, and declining productivity in South Europe”, Voxeu, 28 September