Do Capital Inflows Appreciate the Real Exchange Rate?

M.J. Fry

Working Papers from University of Birmingham - International Financial Group

Abstract: I use an indirect approach to examine the effects of capital inflows on real exchange rates in a sample of 46 developing countries. Distinguishing between autonomous and accomodating capital inflows and disaggregating capital inflows into foreign direct investment, portfolio investment and other capital inflows, i estimate the effects of these six types of capital inflows on domestic capital formation, national saving, imports, exports and economic growth.

Keywords: INTERNATIONAL; ECONOMY (search for similar items in EconPapers)
JEL-codes: F30 (search for similar items in EconPapers)
Pages: 34 pages
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:fth:birmif:97-01

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