Analysis Of International Capital Flows And Macroeconomic Performance

This dissertation deals with macro-economic operation with respect to international capital flow. The whole dissertation consists of seven chapters:Chapter I is a general analysis with regard to international capital flow. Firstly, I analyze the relativity of domestic capital and international capital. And then a general analysis concerning international capital flow is made. Finally, I discuss the relation of international trade, international investment, international capital market and international capital flow.In the proceeding chapter I discuss the question of currency supply and demand and their equilibrium under conditions of international capital flow. Currency demand and currency supply is generally analyzed firstly. Then, a further analysis on currency demand and currency supply is provided with regard to international capital flow.Chapter III focuses on economic growth at the angle of international capital flow. Firstly, the influence of capital accumulation, technical change, manpower capital, knowledge and system on economic growth is presented. And then, I make a review on the mode of economic growth. At length, I emphasize on the economic growth effect of international capital flow.I discuss national economic safety under conditions of international capital flow in Chapter IV. I chiefly discuss macro-economic risk under conditions of international capital flow, and the relation between international capital flow and bubble economy, economic turbulence, financial crisis, economic cycle and debt crisis.Chapter V centers on the currency state of a country at the angle of international capital flow. In the first place, I analyze two abnormal exhibitions of currency state, i.e., inflation and deflation. And then, the influence of international capital flow on inflation and deflation is discussed.In Chapter VI, I mainly analyze the balance of payments under conditions of international capital flow. An analysis on the relation between international capital flow and balance of payments , and adjustment mechanism about balance of payments under conditions of international capital flow are presented firstly. And then, I make a brief analysis on the relation of adjustment about balance of payments and international reserve.The last chapter mainly discusses internal equilibrium and external equilibrium of macro-economy under conditions of international capital flow. In the first instance, I analyze the internal and external equilibrium of macro-economy applying IS-LM-BP s model. Secondly, I discuss internal and external equilibrium of macro-economy making use of AD-AS s model. And then, I make a general analysis on process mechanism of macro-economic policy under open economy. Finally, I briefly discuss the coordination of international economic policy under open economy.