Managing Temporary Capital Inflows: Lessons from Asia and Latin America

Helmut Reisen

The Pakistan Development Review, 1995, vol. 34, issue 4, 395-427

Abstract: As witnessed by Mexico and Argentina in 1995 and by the Southern Cone countries of Latin America in the early 1980s, the macroeconomic adjustment to a sudden reversal of foreign capital flows can be extremely painful. There are at least four major reasons why governments and central banks should care about the sustainability of the capital flows

Date: 1995
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