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Managing Temporary Capital Inflows: Lessons from Asia and Latin America

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Author Info

  • Helmut Reisen

    (International Policy Issues, OECD Development Centre, Paris.)

Abstract

As witnessed by Mexico and Argentina in 1995 and by the Southern Cone countries of Latin America in the early 1980s, the macroeconomic adjustment to a sudden reversal of foreign capital flows can be extremely painful. There are at least four major reasons why governments and central banks should care about the sustainability of the capital flows

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File URL: http://www.pide.org.pk/pdf/PDR/1995/Volume4/395-427.pdf
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Bibliographic Info

Article provided by Pakistan Institute of Development Economics in its journal The Pakistan Development Review.

Volume (Year): 34 (1995)
Issue (Month): 4 ()
Pages: 395-427

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Handle: RePEc:pid:journl:v:34:y:1995:i:4:p:395-427

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Cited by:
  1. David Martineau & Kiichiro Fukasaku, 1999. "Coopération monétaire en Asie de l'Est : l'apport des tests de causalité et de la cointégration," Économie et Prévision, Programme National Persée, vol. 140(4), pages 105-116.
  2. Sebastian Edwards, 1997. "The Mexican Peso Crisis? How Much Did We Know? When Did We Know It?," NBER Working Papers 6334, National Bureau of Economic Research, Inc.

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