TY - JOUR
T1 - THE CAPITAL INFLOWS PROBLEM
T2 - CONCEPTS AND ISSUES
AU - CALVO, GUILLERMO A.
AU - LEIDERMAN, LEONARDO
AU - REINHART, CARMEN M.
PY - 1994/7
Y1 - 1994/7
N2 - Since 1990, capital has flowed from industrial countries to developing regions like Latin America and parts of Asia. Most countries welcome reentry into international capital markets. However, capital inflows often are 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, and discusses the pros and cons of the policy options.
AB - Since 1990, capital has flowed from industrial countries to developing regions like Latin America and parts of Asia. Most countries welcome reentry into international capital markets. However, capital inflows often are 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, and discusses the pros and cons of the policy options.
UR - http://www.scopus.com/inward/record.url?scp=85005408106&partnerID=8YFLogxK
U2 - 10.1111/j.1465-7287.1994.tb00434.x
DO - 10.1111/j.1465-7287.1994.tb00434.x
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AN - SCOPUS:85005408106
SN - 1074-3529
VL - 12
SP - 54
EP - 66
JO - Contemporary Economic Policy
JF - Contemporary Economic Policy
IS - 3
ER -
