Are Capital Inflows Expansionary or Contractionary? : Theory, Policy Implications, and Some Evidence /
The workhorse open-economy macro model suggests that capital inflows are contractionary because they appreciate the currency and reduce net exports. Emerging market policy makers however believe that inflows lead to credit booms and rising output, and the evidence appears to go their way. To reconci...
| প্রধান লেখক: | |
|---|---|
| অন্যান্য লেখক: | , , |
| বিন্যাস: | পত্রিকা |
| ভাষা: | English |
| প্রকাশিত: |
Washington, D.C. :
International Monetary Fund,
2015.
|
| মালা: | IMF Working Papers; Working Paper ;
No. 2015/226 |
| অনলাইন ব্যবহার করুন: | Full text available on IMF |