The Capital Inflows Problem : Concepts and Issues /

Since 1990 capital has started to move from industrial countries to developing regions like Latin America, the Middle East 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 pre...

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Detalles Bibliográficos
Autor Principal: Reinhart, Carmen
Outros autores: Calvo, Guillermo, Leiderman, Leonardo
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 1993.
Series:IMF Policy Discussion Papers; Policy Discussion Paper ; No. 1993/010
Acceso en liña:Full text available on IMF
Descripción
Summary:Since 1990 capital has started to move from industrial countries to developing regions like Latin America, the Middle East 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 a menu of policy options are discussed.
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Descrición Física:1 online resource (37 pages)
Formato:Mode of access: Internet
ISSN:1934-7456
Acceso:Electronic access restricted to authorized BRAC University faculty, staff and students