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Formulating a Policy Response: Reply to Snowden

  • Guillermo A. Calvo

    (International Monetary Fund)

  • Leonardo Leiderman

    (International Monetary Fund)

  • Carmen M. Reinhart

    (International Monetary Fund)

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.

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Article provided by Palgrave Macmillan in its journal Staff Papers - International Monetary Fund.

Volume (Year): 40 (1993)
Issue (Month): 4 (December)
Pages: 868-870

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Handle: RePEc:pal:imfstp:v:40:y:1993:i:4:p:868-870
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  1. Guillermo A. Calvo & Leonardo Leiderman & Carmen M. Reinhart, 1994. "The Capital Inflows Problem: Concepts And Issues," Contemporary Economic Policy, Western Economic Association International, vol. 12(3), pages 54-66, 07.
  2. Guillermo A. Calvo & Leonardo Leiderman & Carmen M. Reinhart, 1993. "Capital Inflows and Real Exchange Rate Appreciation in Latin America: The Role of External Factors," IMF Staff Papers, Palgrave Macmillan, vol. 40(1), pages 108-151, March.
  3. repec:imf:imfpdp:9310 is not listed on IDEAS
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