01649cas a2200265 a 4500 AALejournalIMF000098 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451964455 1018-5941 BD-DhAAL BD-DhAAL Leiderman, Leonardo. Capital Inflows and Real Exchange Rate Appreciation in Latin America : The Role of External Factors / Leonardo Leiderman, Carmen Reinhart, Guillermo Calvo. Washington, D.C. : International Monetary Fund, 1992. 1 online resource (66 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Calvo, Guillermo. Reinhart, Carmen. IMF Working Papers; Working Paper ; No. 1992/062 Full text available on IMF http://elibrary.imf.org/view/journals/001/1992/062/001.1992.issue-062-en.xml IMF e-Library