Capital Inflows and Macroeconomic Policy in Sub-Saharan Africa

Louis Kasekende, Damoni Kitabire and Matthew Martin

Chapter 4 in Capital Account Regimes and the Developing Countries, 1999, pp 141-183 from Palgrave Macmillan

Abstract: Abstract During the last three years, there has been an expanding literature on private capital inflows to developing countries. In 1992 and 1993, attention focused on the rise in such inflows, their causes and nature. Gradually, it moved to their potential macroeconomic impact and the policy implications. In 1994 and 1995, following events in Mexico, it has concentrated on the sustainability of the inflows, and the policy implications of potential reversal.

Keywords: Foreign Direct Investment; Current Account; Real Exchange Rate; Capital Flow; Capital Inflow (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-15071-7_4

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DOI: 10.1007/978-1-349-15071-7_4

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