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El Retorno de los Capitales Privados a Chile en los Noventa: Causas, Efectos y Reacciones de Política

  • Raúl Labán
  • Felipe Larraín

    (Instituto de Economía)

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    This paper deals with the factors behind Chile's renewed access to voluntary international capitals markets since the early 1990s, the policy challenges that this has brought about, as well as the responses of policymakers to these challenges. Clearly, bo

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    Article provided by Instituto de Economía. Pontificia Universidad Católica de Chile. in its journal Cuadernos de Economía.

    Volume (Year): 34 (1997)
    Issue (Month): 103 ()
    Pages: 339-362

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    Handle: RePEc:ioe:cuadec:v:34:y:1997:i:103:p:339-362
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    1. Pindyck, Robert S, 1991. "Irreversibility, Uncertainty, and Investment," Journal of Economic Literature, American Economic Association, vol. 29(3), pages 1110-48, September.
    2. Kouri, Pentti J K & Porter, Michael G, 1974. "International Capital Flows and Portfolio Equilibrium," Journal of Political Economy, University of Chicago Press, vol. 82(3), pages 443-67, May/June.
    3. Reinhart, Carmen & Calvo, Guillermo & Leiderman, Leonardo, 1993. "“Capital Inflows and Real Exchange Rate Appreciation in Latin America: The Role of External Factors," MPRA Paper 7125, University Library of Munich, Germany.
    4. Rudiger Dornbusch, 1988. "Real Exchange Rates and Macroeconomics: A Selective Survey," NBER Working Papers 2775, National Bureau of Economic Research, Inc.
    5. Guillermo Le Fort V. & Carlos Budnevich L., 1998. "Capital Account Regulations and Macroeconomic Policy: Two Latin American Experiences," Macroeconomics 9807003, EconWPA.
    6. Hanson, James A., 1992. "Opening the capital account : a survey of issues and results," Policy Research Working Paper Series 901, The World Bank.
    7. Raul Laban & FElipe Larrain, 1995. "Continuity, Change, and the Political Economy of Transition in Chile," NBER Chapters, in: Reform, Recovery, and Growth: Latin America and the Middle East, pages 115-148 National Bureau of Economic Research, Inc.
    8. Serven, Luis & Solimano, Andres, 1992. "Private Investment and Macroeconomic Adjustment: A Survey," World Bank Research Observer, World Bank Group, vol. 7(1), pages 95-114, January.
    9. Lawrence H. Summers, 1988. "Tax Policy and International Competitiveness," NBER Chapters, in: International Aspects of Fiscal Policies, pages 349-386 National Bureau of Economic Research, Inc.
    10. repec:clu:wpaper:1988_12 is not listed on IDEAS
    11. Leiderman,Leonardo & Razin,Assaf (ed.), 1994. "Capital Mobility," Cambridge Books, Cambridge University Press, number 9780521454384.
    12. Puumanen, Kari, 1989. " Real Exchange Rates and Macroeconomics: A Selective Survey," Scandinavian Journal of Economics, Wiley Blackwell, vol. 91(2), pages 433-34.
    13. James Tobin, 1978. "A Proposal for International Monetary Reform," Cowles Foundation Discussion Papers 506, Cowles Foundation for Research in Economics, Yale University.
    14. Larrain, F. & Velasco, A., 1990. "Can Swaps Solve The Debt Crises? Lessons From The Chilean Experience," Princeton Studies in International Economics 69, International Economics Section, Departement of Economics Princeton University,.
    15. Krugman, Paul, 1987. "The narrow moving band, the Dutch disease, and the competitive consequences of Mrs. Thatcher : Notes on trade in the presence of dynamic scale economies," Journal of Development Economics, Elsevier, vol. 27(1-2), pages 41-55, October.
    16. Tornell, Aaron, 1990. "Real vs. financial investment can Tobin taxes eliminate the irreversibility distortion?," Journal of Development Economics, Elsevier, vol. 32(2), pages 419-444, April.
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