State's Policy and International Regime regarding Increasing Capital Mobility Since the End of World War II

增加资本流动是20世纪80年代以来国际关系的一个新方面，本研究的目的是回答以下三点：(1)自二战结束以来，国家如何改变其对资本流动自由化的看法？(2)直到20世纪70年代，国家是如何控制资本流动的？国家对资本流动的监管是如何影响国际资本流动的？(3)国际资本管制制度是如何以及为什么在工业国之间建立的？至于(1)本研究澄清了在布雷顿森林体系下，工业国家之间并没有就资本自由化达成共识，虽然在贸易自由化问题上达成了共识。虽然经济、社会和文化发展部国家在1961年商定了《资本自由化守则》，许多现有研究认为这是关于资本自由化的共识范例，但许多工业国家经常将其对资本流动的管制作为调整其国内经济的政策，包括。美国。至于(2)，本研究指出，美国在20世纪60年代对资本流动的监管，旨在减少资本从美国流出，促进了20世纪60年代的国际资本流动，即欧元市场。这意味着，上世纪60年代末资本流动性的增加并不是国际市场本身的结果，而是美国监管政策的结果。至于(3)，这项研究特别关注国际银行业的巴塞尔协议以及国际货币基金组织在最近提高资本流动性方面的作用。本研究回顾了1988年巴塞尔协议的制定过程，强调了制度类型在制定国际协议中的重要性。巴塞尔协议的案例表明，软性机制促进了各国之间的协议。

The aim of this research is to answer the following three points regarding state policy in increasing capital mobility, which is a new aspect of international relations since the 1980s, (1) How has state changed its perception of liberalization of capital mobility since the end of World War II? (2) How did state control capital mobility until the 1970s and how did state regulation of capital mobility affect international capital mobility? (3) How and why were international regimes of capital control founded among industrial states?As for (1), this research clarifies that under the Bretton Woods system, there was no consensus among industrial countries regarding liberalization of capital, while there was consensus regarding trade liberalization. Although the DECD countries agreed the code of Capital Liberalization in 1961, which many of existing studies regards as an example of consensus regarding capital liberalization, many industrial countries often utilized its regulation of capital mobility as policy of adjusting its domestic economy, including the. United States. As for (2), this research points out that the US regulation of capital mobility in the 1960s, which aimed to decrease capital outflow from the United States, facilitated international capital mobility in the 1960s, that is, Euro market.. This implies that increasing capital mobility in the late 1960s was not a result of international market per se, but a result of the US regulated policy. As for (3), this research particularly focused on the Basel Accord of international banking and the role of the IMF in recently increasing capital mobility. Reviewing the process of formulating the Basel Accord in 1988, this research emphasizes the importance of the type of regimes in formulating the international agreement. The case of the Basel Accord shows the soft type of regime facilitated the agreement among states.