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Capital Inflow into Developing Economies: A Macroeconomic Study


  • Soumyen Sikdar


External capital inflow on a massive scale into the emerging market economies is a very significant phenomenon of recent years. Making distinctions between direct investment, real and financial, and portfolio investment and incorporating crowding in or crowding out effects we derive some results about the impact of higher inflow on output, investment and the exchange rare. A formula is suggested for estimating the cost of central bank intervention.

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  • Soumyen Sikdar, 2008. "Capital Inflow into Developing Economies: A Macroeconomic Study," ISER Discussion Paper 0725, Institute of Social and Economic Research, Osaka University.
  • Handle: RePEc:dpr:wpaper:0725

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    References listed on IDEAS

    1. Blanchard, Olivier J, 1981. "Output, the Stock Market, and Interest Rates," American Economic Review, American Economic Association, vol. 71(1), pages 132-143, March.
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    Cited by:

    1. Slim, Sadri, 2015. "Un modelo Mundell-Fleming con economía ilegal y lavado de dinero
      [Modeling illegal economy and money laundering: a Mundell-Fleming framework]
      ," MPRA Paper 64675, University Library of Munich, Germany.

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