The capital inflows problem: Concepts and issues

Carmen Reinhart, Guillermo Calvo and Leonardo Leiderman

MPRA Paper from University Library of Munich, Germany

Abstract: Since 1990 capital has flowed from industrial countries to developing regions like Latin America, and parts of Asia. Reentry into international capital markets is a welcome turn of events for most countries. However, capital inflows are often associated with inflationary pressures, a real exchange rate appreciation, a deterioration in the current account, and a boom in bank lending. This paper briefly examines how these inflows have altered the macroeconomic environment in a number of Asian and Latin American countries. The pros and cons of the policy options are discussed.

Keywords: capital; flows; real; exchange; rate; international; reserves; current; account; deficit; volatility; fiscal; policy (search for similar items in EconPapers)
JEL-codes: E6 F10 F30 (search for similar items in EconPapers)
Date: 1994-07
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (157)

Published in Contemporary Economic Policy 3.12(1994): pp. 54-66

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/13902/1/MPRA_paper_13902.pdf original version (application/pdf)

Related works:
Journal Article: THE CAPITAL INFLOWS PROBLEM: CONCEPTS AND ISSUES (1994)
Working Paper: The Capital Inflows Problem: Concepts and Issues (1993)
Working Paper: El problema de la afluencia de capital: Conceptos y temas (1993)
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:pra:mprapa:13902

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().