EconPapers has moved to http://EconPapers.repec.org! Please update your bookmarks.
Capital Inflows and Real Exchange Rate Appreciation in Latin America: The Role of External Factors
Guillermo A. Calvo Leonardo Leiderman and
Carmen M. Reinhart
Additional contact information
Leonardo Leiderman: International Monetary Fund
, 1993, vol. 40, issue 1, pages 108-151
IMF Staff Papers Abstract:
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 the recession in the United States and lower international interest rates. The importance of external factors suggests that a reversal of those conditions may lead to a future capital outflow, increasing the macroeconomic vulnerability of Latin American economies. Policy options, it is argued, are limited.
JEL-codes: G1 F41 (search for similar items in EconPapers)
References: Add references at CitEc Citations View citations in EconPapers (268) Track citations by RSS feed
Downloads: (external link) http://www.jstor.org/stable/3867379?origin=pubexport main text (application/pdf)
Access to full text is restricted to subscribers.
Related works: Working Paper: “Capital Inflows and Real Exchange Rate Appreciation in Latin America: The Role of External Factors (1993) Working Paper: Capital Inflows and Real Exchange Rate Appreciation in Latin America: The Role of External Factors (1992) This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:pal:imfstp:v:40:y:1993:i:1:p:108-151
Ordering information: This journal article can be ordered from Palgrave Macmillan Journals, Subscription Department, Houndmills, Basingstoke, Hampshire RG21 6XS, UK http://www.palgrave- ... subscribe/index.html
Access Statistics for this article
More articles in IMF Staff Papers from Palgrave Macmillan
Series data maintained by Elizabeth Gale ().