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Formulating a Policy Response: Reply to Snowden

Author

Listed:
  • Guillermo A. Calvo

    (International Monetary Fund)

  • Leonardo Leiderman

    (International Monetary Fund)

  • Carmen M. Reinhart

    (International Monetary Fund)

Abstract

In this short note we further discuss the role of macroeconomic policies to deal with surges in capital inflows. Primarily policies aimed at avoiding financial crises or an overvaluation of the real exchange rate.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Guillermo A. Calvo & Leonardo Leiderman & Carmen M. Reinhart, 1993. "Formulating a Policy Response: Reply to Snowden," IMF Staff Papers, Palgrave Macmillan, vol. 40(4), pages 868-870, December.
    • Handle: RePEc:pal:imfstp:v:40:y:1993:i:4:p:868-870
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    Cited by:

    1. Ignacio Lozano & Ligia Alba Melo B. & Jorge Enrique Ramos F., 2012. "Flujos de capital y pol�tica fiscal en las econom�as emergentes de Am�rica Latina," Borradores de Economia 9439, Banco de la Republica.
    2. Luis Ignacio Lozano Espitia & Ligia Alba Melo-Becerra & Jorge Enrique Ramos, 2016. "La política fiscal frente a los flujos de capital: evidencia para algunos países de América Latina," Apuntes del Cenes, Universidad Pedagógica y Tecnológica de Colombia, vol. 35(62), pages 53-85.

    More about this item

    JEL classification:

    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • F30 - International Economics - - International Finance - - - General
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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