The Macroeconomics of Capital Flows to Latin America: Experience and Policy Issues

Michael Gavin, Ricardo Hausmann and Leonardo Leiderman

No 6188, IDB Publications (Working Papers) from Inter-American Development Bank

Abstract: This paper reviews recent experience with international capital flows in Latin America, and discusses the policy issues that surround them. The paper is predicated on three basic premises. Capital flows to the region are an important source of macroeconomic disturbance. Also, capital flows are very volatile. Large fluctuations in these flows are due in substantial part to factors external to Latin America. In addition, the fluctuations require a policy response. Policy should respond to sudden inflows or outflows of capital.

Keywords: reserve accumulation; WP-310; fiscal deficit; fiscal policy (search for similar items in EconPapers)
Date: 1995-10
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

Downloads: (external link)
https://publications.iadb.org/publications/english ... nd-Policy-Issues.pdf (application/pdf)

Related works:
Working Paper: Macroeconomics of Capital Flows to Latin America: Experience and Policy Issues (1995)
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:idb:brikps:6188

Access Statistics for this paper

More papers in IDB Publications (Working Papers) from Inter-American Development Bank Contact information at EDIRC.
Bibliographic data for series maintained by Felipe Herrera Library (bid-library@iadb.org).