2005.11.29
Seminar Title: Global Capital Flows and National Policy Choices
Time: 2:00pm-3:30pm, Tuesday, November 29, 2005
Language: English
Speaker: Dr. Shang-Jin Wei, International Monetary Fund

Abstract: This paper studies whether changes in global financial environment have induced governments to pursue better policies (the "discipline effect").The evidence indicates that financial globalization has induced countries to pursue lower inflation rates, but not succeeded in lowering budget deficits. So the strength of the discipline effect varies across different public policies.