The capital inflows problem: Concepts and issues
Since 1990 capital has flowed from industrial countries to developing regions like Latin America, and parts of Asia. Reentry into international capital markets is a welcome turn of events for most countries. However, capital inflows are often associated with inflationary pressures, a real exchange rate appreciation, a deterioration in the current account, and a boom in bank lending. This paper briefly examines how these inflows have altered the macroeconomic environment in a number of Asian and Latin American countries. The pros and cons of the policy options are discussed.
|Date of creation:||Jul 1994|
|Date of revision:|
|Publication status:||Published in Contemporary Economic Policy 3.12(1994): pp. 54-66|
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