Capital inflows to Latin America with reference to the Asian experience
AbstractThis essay has four objectives. The first is to document the current episode of capital inflows to Latin America based on data for ten Latin American countries. 6 The second is to compare the Latin American experience with that of a number of Asian countries that have also been the recipients of sizable capital inflows and examine to what extent the nature of the capital inflows and macroeconomic consequences are similar in the two cases. The third is to assess the role of external factors in accounting for the observed capital inflows and the real exchange rate appreciation in Latin America. Last, the chapter discusses the implications of capital inflows for economic policy.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 13840.
Date of creation: 1995
Date of revision:
capital flows real exchange rate international reserves reversals crises;
Find related papers by JEL classification:
- F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
- F3 - International Economics - - International Finance
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