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|
|Publication status:||Published in Contemporary Economic Policy 3.12(1994): pp. 54-66|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
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- Donald J. Mathieson & Liliana Rojas-Suárez, 1992.
"Liberalization of the Capital Account; Experiences and Issues,"
IMF Working Papers
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- Reinhart, Carmen & Leiderman, Leonardo, 1994. "Capital inflows to Latin America," MPRA Paper 13406, University Library of Munich, Germany. Full references (including those not matched with items on IDEAS)
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