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...
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| מחברים אחרים: | , , |
| פורמט: | כתב-עת |
| שפה: | English |
| יצא לאור: |
Washington, D.C. :
International Monetary Fund,
2015.
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| סדרה: | IMF Working Papers; Working Paper ;
No. 2015/226 |
| גישה מקוונת: | Full text available on IMF |