Mais conteúdo relacionado Bop10. U.S. Trade Balance vs. Balance on Services & Income, 1985-99 (US$ bn) Source: International Monetary Fund, Balance of Payments Statistics Yearbook, 2000 . 16. US Financial Account, 1985-99 (US$ bn) Source: International Monetary Fund, Balance of Payments Statistics Yearbook, 2000 . 17. Current & Financial/Capital Account Balances, US, 1992 - 1999 (US$ bn) Source: International Monetary Fund, Balance of Payments Statistics Yearbook, 2000 . 19. The Balance of Payments in Total US Balance of Payments, Analytic Presentation, 1997-1999 Q: Why did FDI increase so much? 22. Source: “Globalization and Capital Markets,” Maurice Obstfeld and Alan M. Taylor, NBER Conference Paper, May 4-5, 2001, p. 6. Capital Mobility Low High Capital Mobility 1880 1860 1900 1920 1940 1960 1980 2000 • • • • 1880 1900 1914 1860 Gold Standard 1880-1914 • • 1960 1971 Bretton Woods 1945-1971 • • 1980 2000 Float 1971-2000 • 1918 • Interwar, 1914-1945 1929 1925 • 1945 •