Managing Temporary Capital Inflows: Lessons from Asia and Latin America
As witnessed by Mexico and Argentina in 1995 and by the Southern Cone countries of Latin America in the early 1980s, the macroeconomic adjustment to a sudden reversal of foreign capital flows can be extremely painful. There are at least four major reasons why governments and central banks should care about the sustainability of the capital flows
Volume (Year): 34 (1995)
Issue (Month): 4 ()
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- Jeffrey A. Frankel, 1997.
"Sterilization of money inflows: Difficult (Calvo) or Easy (Reisen)?,"
Estudios de Economia,
University of Chile, Department of Economics, vol. 24(2 Year 19), pages 263-285, December.
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- Frankel, Jeffrey A., 1993. "Sterilization of Money Inflows: Difficult (Calvo) or Easy (Reisen)?," Center for International and Development Economics Research (CIDER) Working Papers 233206, University of California-Berkeley, Department of Economics.
- Jeffrey A. Frankel, 1994. "Sterilization of Money Inflows; Difficult (Calvo) or Easy (Reisen)?," IMF Working Papers 94/159, International Monetary Fund.
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- Devlin, Robert & Ffrench-Davis, Ricardo & Griffith-Jones, Stephany, 1994. "Surges in capital flows and development: an overview of policy issues," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 33972, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
- Rudiger Dornbusch & Alejandro Werner, 1994. "Mexico: Stabilization, Reform, and No Growth," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 25(1), pages 253-316.
- Bernhard Fischer & Helmut Reisen, 1992. "Towards Capital Account Convertibility," OECD Development Centre Policy Briefs 4, OECD Publishing. Full references (including those not matched with items on IDEAS)
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