01771cas a2200253 a 4500 AALejournalIMF000775 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451977523 1018-5941 BD-DhAAL BD-DhAAL Cashin, Paul. International Capital Flows and National Creditworthiness : Do the Fundamental Things Apply As Time Goes By? / Paul Cashin, C. McDermott. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (41 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines the optimality of international capital flows to a persistent net importer of capital, Australia, during its post-capital-controls period 1984-98. The results suggest that international capital flows were larger than optimal during the 1980s, but in the 1990s such flows have been broadly consistent with those predicted by the consumption-smoothing approach to the determination of the current account. The paper also discusses the main implications arising from measures of optimal capital flows, and compares them with the implications arising from the key concepts used in the determination of national creditworthiness. Mode of access: Internet McDermott, C. IMF Working Papers; Working Paper ; No. 1998/172 Full text available on IMF http://elibrary.imf.org/view/journals/001/1998/172/001.1998.issue-172-en.xml IMF e-Library