NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Exchange Rate Regimes and Capital Mobility: How Much of the Swoboda Thesis Survives?

Barry Eichengreen

NBER Working Paper No. 14100
Issued in June 2008

---- Acknowledgements -----

Prepared for the conference in honor of Alexander Swoboda, Geneva, 30 May 2008. Thanks to Inci Otker-Robe and Harald Anderson for data and to Raul Razo-Garcia for help with the calculations. Sections 2 and 3 are an update and extension of Eichengreen and Razo-Garcia (2006). I thank Raul Razo-Garcia for his input into the larger project of which this paper is part. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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