Investment and financial volatility in Latin America

Graciela Moguillansky

Revista CEPAL, 2002

Abstract: Financial liberalization and the lifting of capital market restrictions have brought in foreign investment and made more financing available for investment projects,but at the same time have made it easier for financial crises originating in Latin America or elsewhere to spread.Such crises became more frequent in the 1990s,and as a result a more careful study was made of the impact of capital flow instability on investment.Hypotheses derived from theoretical procedures were checked against econometric exercises showing that capital flows have a positive impact,but that negative consequences arise when they are volatile.This work covered a large group of countries in the region.

Date: 2002-08
Note: Includes bibliography
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://repositorio.cepal.org/handle/11362/10885

Related works:
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:ecr:col070:10885

Access Statistics for this article

More articles in Revista CEPAL from Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL) Contact information at EDIRC.
Bibliographic data for series maintained by Biblioteca CEPAL ().