Capital Inflows and Real Exchange Rate Appreciation in Latin America : The Role of External Factors /

The characteristics of recent capital inflows into Latin America are discussed. It is argued that these inflows are partly explained by conditions outside the region, like recession in the United States and lower international interest rates. This suggests the possibility that a reversal of those co...

Mô tả đầy đủ

Chi tiết về thư mục
Tác giả chính: Leiderman, Leonardo
Tác giả khác: Calvo, Guillermo, Reinhart, Carmen
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 1992.
Loạt:IMF Working Papers; Working Paper ; No. 1992/062
Truy cập trực tuyến:Full text available on IMF
Miêu tả
Tóm tắt:The characteristics of recent capital inflows into Latin America are discussed. It is argued that these inflows are partly explained by conditions outside the region, like recession in the United States and lower international interest rates. This suggests the possibility that a reversal of those conditions may lead to a future capital outflow, increasing the macroeconomic vulnerability of Latin American economies. Policy options are argued to be limited.
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Mô tả vật lý:1 online resource (66 pages)
Định dạng:Mode of access: Internet
số ISSN:1018-5941
Truy cập:Electronic access restricted to authorized BRAC University faculty, staff and students