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Macroeconomics of Capital Flows to Latin America: Experience and Policy Issues Author info | Abstract | Publisher info | Download info | Related research | Statistics Michael Gavin
Ricardo Hausmann
Leonardo Leiderman
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This paper reviews recent experience with international capital flows in Latin America, and discusses the policy issues that surround them. The paper is predicated on three basic premises. Capital flows to the region are an important source of macroeconomic disturbance. Also, capital flows are very volatile. Large fluctuations in these flows are due in substantial part to factors external to Latin America. In addition, the fluctuations require a policy response. Policy should respond to sudden inflows or outflows of capital.
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Paper provided by Inter-American Development Bank, Research Department in its series RES Working Papers with number
4012.
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Date of creation: Oct 1995Date of revision:
Handle: RePEc:idb:wpaper:4012Contact details of provider: Postal: 1300 New York Avenue, NW, Washington, DC 20577 Phone: 202-623-1000 Email: Web page: http://www.iadb.org/res More information through EDIRC
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Reinhart, Carmen & Leiderman, Leonardo, 1994.
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
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Michael Gavin & Ricardo Hausmann & Ernesto Talvi, 1997.
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Michael Gavin & Ricardo Hausmann & Roberto Perotti & Ernesto Talvi, 1996.
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Barry Eichengreen & Ricardo Hausmann & Ugo Panizza, 2003.
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Michael Gavin & Ricardo Hausmann & Roberto Perotti & Ernesto Talvi, 1996.
"Managing Fiscal Policy in Latin America and the Caribbean: Volatility, Procyclicality, and Limited Creditworthiness ,"
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Post-Print
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Nikolai Flexner, 2003.
"Foreign Direct Investment and Economic Growth in Bolivia, 1990- 1998 ,"
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Jeffrey Sachs & Aaron Tornell & Andres Velasco, 1996.
"Financial Crises in Emerging Markets: The Lessons from 1995 ,"
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5576, National Bureau of Economic Research, Inc.
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Other versions: Michael Gavin & Ricardo Hausmann & Ernesto Talvi, 1997.
"Saving Behavior in Latin America: Overview and Policy Issues ,"
RES Working Papers
4070, Inter-American Development Bank, Research Department.
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