Capital Inflows and Real Exchange Rate Appreciation in Latin America : The Role of External Factors /

The characteristics of recent capital inflows into Latin America are discussed. It is argued that these inflows are partly explained by conditions outside the region, like recession in the United States and lower international interest rates. This suggests the possibility that a reversal of those co...

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Detalles Bibliográficos
Autor principal: Leiderman, Leonardo
Otros Autores: Calvo, Guillermo, Reinhart, Carmen
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 1992.
Colección:IMF Working Papers; Working Paper ; No. 1992/062
Acceso en línea:Full text available on IMF
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245 1 0 |a Capital Inflows and Real Exchange Rate Appreciation in Latin America :   |b The Role of External Factors /  |c Leonardo Leiderman, Carmen Reinhart, Guillermo Calvo. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1992. 
300 |a 1 online resource (66 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The characteristics of recent capital inflows into Latin America are discussed. It is argued that these inflows are partly explained by conditions outside the region, like recession in the United States and lower international interest rates. This suggests the possibility that a reversal of those conditions may lead to a future capital outflow, increasing the macroeconomic vulnerability of Latin American economies. Policy options are argued to be limited. 
538 |a Mode of access: Internet 
700 1 |a Calvo, Guillermo. 
700 1 |a Reinhart, Carmen. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1992/062 
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