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Volatilidad de los flujos de capital hacia los países en desarrollo: evidencia para América Latina, 1970-2002

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Listed:
  • Remberto Rhenals Monterroso

    (Facultad de Ciencias Económicas, Universidad de Antioquia)

  • Alejandro Torres García

    (Grupo de Crecimiento Económico y Desarrollo
    Programa de Economía de la Universidad Católica Popular de Risaralda –UCPR-)

Abstract

Capital inflows dynamics towards developing countries during the last decades again has posited in the center of the debate the discussion on its benefits and costs. The objective of this work is to analyze the behavior of capital flows over 1970 and 2002, their volatility and effects on the Latin American macroeconomic performance. Volatility is measured by means of the variation coefficient, which is calculated in two forms. The results show that the volatility of capital inflows and the regional growth seem not to have increased, in spite of the very importance private flows acquired since the beginning of nineties

Suggested Citation

  • Remberto Rhenals Monterroso & Alejandro Torres García, 2007. "Volatilidad de los flujos de capital hacia los países en desarrollo: evidencia para América Latina, 1970-2002," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 67, pages 9-42, Julio-Dic.
    • Handle: RePEc:lde:journl:y:2007:i:67:p:9-42
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    References listed on IDEAS

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    More about this item

    Keywords

    Capital Flows; Latin America; Developing Countries; Volatility; Pull Factors and Push Factors;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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