Country Responses to Massive Capital Flows
AbstractThe emergence of a select group of developing countries as destinations for private portfolio investments in the 1990s (and the subsequent peso crisis in Mexico in 1994) has rekindled the old issues about the responsabilities and capacities public authorities have with regard to managing the absorption of these resources. This paper discusses the purposes public authorities might have in resisting these flows and presents a model of how authorities might intervene through their domestic financial system.
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Bibliographic InfoPaper provided by World Institute for Development Economics Research in its series Research Paper with number 121.
Length: 50 pages
Date of creation: 1996
Date of revision:
Contact details of provider:
Postal: United Nations University; World Institute for Development Economics Research, Katajanokanlaituri 6B, 00160 Helsinki
Web page: http://www.wider.unu.edu/
More information through EDIRC
INVESTMENTS; DEVELOPING COUNTRIES; CAPITAL MARKET;
Find related papers by JEL classification:
- O19 - Economic Development, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
- F20 - International Economics - - International Factor Movements and International Business - - - General
- F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
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7125, University Library of Munich, Germany.
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