THE CAPITAL INFLOWS PROBLEM: CONCEPTS AND ISSUES

Guillermo Calvo, Leonardo Leiderman and Carmen Reinhart

Contemporary Economic Policy, 1994, vol. 12, issue 3, 54-66

Abstract: 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.

Date: 1994
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (170)

Downloads: (external link)
https://doi.org/10.1111/j.1465-7287.1994.tb00434.x

Related works:
Working Paper: The capital inflows problem: Concepts and issues (1994)
Working Paper: The Capital Inflows Problem: Concepts and Issues (1993)
Working Paper: El problema de la afluencia de capital: Conceptos y temas (1993)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:coecpo:v:12:y:1994:i:3:p:54-66

Ordering information: This journal article can be ordered from
https://ordering.onl ... 5-7287&ref=1465-7287

Access Statistics for this article

Contemporary Economic Policy is currently edited by Brad R. Humphreys

More articles in Contemporary Economic Policy from Western Economic Association International Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().