Country Responses to Massive Capital Flows

M.F. Montes

Research Paper from World Institute for Development Economics Research

Abstract: The emergence of a select group of developing countries as destinations for private portfolio investments in the 1990s (and the subsequent peso crisis in Mexico in 1994) has rekindled the old issues about the responsabilities and capacities public authorities have with regard to managing the absorption of these resources. This paper discusses the purposes public authorities might have in resisting these flows and presents a model of how authorities might intervene through their domestic financial system.

Keywords: INVESTMENTS; DEVELOPING COUNTRIES; CAPITAL MARKET (search for similar items in EconPapers)
JEL-codes: F20 F21 O19 (search for similar items in EconPapers)
Pages: 50 pages
Date: 1996
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:wodeec:121

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