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Capital flows to developing economies: Implications for saving, investment, and growth (a comment)

Author

Listed:
  • Reinhart, Carmen

Abstract

Comment: This paper by Barry Bosworth and Susan Collins is a welcome contribution to the capital flows literature in that it investigates whether there are important behavioral differences across types of flows and their effects on economic activity, saving, and investment. Previous studies examining the links between growth and capital flows had largely ignored distinctions among the different types of flows, despite evidence of very different characteristics as regards volatility.

Suggested Citation

  • Reinhart, Carmen, 1999. "Capital flows to developing economies: Implications for saving, investment, and growth (a comment)," MPRA Paper 13204, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:13204
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    File URL: https://mpra.ub.uni-muenchen.de/13204/2/MPRA_paper_13204.pdf
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    References listed on IDEAS

    as
    1. Carmen M. Reinhart & Graciela L. Kaminsky, 1999. "The Twin Crises: The Causes of Banking and Balance-of-Payments Problems," American Economic Review, American Economic Association, vol. 89(3), pages 473-500, June.
    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. Michael P. Dooley & Eduardo Fernandez-Arias & Kenneth M. Kletzer, 1994. "Recent Private Capital Inflows to Developing Countries: Is the Debt Crisis History?," NBER Working Papers 4792, National Bureau of Economic Research, Inc.
    4. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Dutta, Nabamita & Roy, Sanjukta, 2008. "The Role of Foreign Direct Investment on Press Freedom," MPRA Paper 10185, University Library of Munich, Germany, revised 18 Jul 2008.
    2. Nathalia Rios Ballesteros & Thomas Goda, 2017. "Natural resource-seeking FDI inflows and current account deficits in commodity-producing developing economies," DOCUMENTOS DE TRABAJO CIEF 015298, UNIVERSIDAD EAFIT.
    3. Sorin BURNETE, 2009. "Emerging Economies Faced With The Downside Of Financial Globalization: Hedges And Way Outs," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 3, pages 41-55, May.
    4. Arslan Razmi, 2005. "The Effects of Export-Oriented, FDI-Friendly Policies on the Balance of Payments in a Developing Economy: A General Equilibrium Investigation," UMASS Amherst Economics Working Papers 2005-03, University of Massachusetts Amherst, Department of Economics, revised Sep 2006.
    5. repec:rss:jnljms:v4i5p3 is not listed on IDEAS
    6. Madiha Bashir & Attiya Yasmin Javid, 2014. "Financial Flows, External Capital Structure, Institutions and Economic Growth in Asian Developing Economies," PIDE-Working Papers 2014:108, Pakistan Institute of Development Economics.
    7. Merike Kukk & Karsten Staehr, 2015. "Macroeconomic factors in corporate and household saving. Evidence from Central and Eastern Europe," Bank of Estonia Working Papers wp2015-5, Bank of Estonia, revised 30 Dec 2015.
    8. Jaydeep Mukherjee & Debashis Chakraborty & Tanaya Sinha, 2013. "How has FDI influenced Current Account Balance In India? Time Series Results in presence of Endogenous Structural Breaks," Working Papers 1317, Indian Institute of Foreign Trade.

    More about this item

    Keywords

    Capital flows external factors volatility investment;

    JEL classification:

    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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