The Great Depression as a Watershed: International Capital Mobility over the Long Run

Maurice Obstfeld and Alan M. Taylor, The Defining Moment: The Great Depression and the American Economy in the Twentieth Century (University of Chicago Press, 1998), chap. 11, https://www.nber.org/books-and-chapters/defining-moment-great-depression-and-american-economy-twentieth-century/great-depression-watershed-international-capital-mobility-over-long-run.