Recent Experiences with Surges in Capital Inflows

Robert Kahn, Adam Bennett, María Carkovic S. and Susan Schadler

No 1993/010, IMF Occasional Papers from International Monetary Fund

Abstract: This paper explores the experience of six countries (Chile, Colombia, Egypt, Mexico, Spain and Thailand) with capital inflows. It illustrates that although capital inflows are usually beneficial, too great an inflow can become a problem and make it difficult for authorities to choose the appropriate policy response.

Keywords: OP; interest rate; deficit; surges in inflow; policy action; microeconomic policy; exchange rate expectation; capital mobility; Capital inflows; Current account deficits; Exchange rates; Current account; Sterilization; Middle East; Southeast Asia; North America; Europe; fiscal policy policy change; exchange rate action (search for similar items in EconPapers)
Pages: 51
Date: 1993-09-15
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Citations: View citations in EconPapers (71)

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