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Large Capital Flows A Survey of the Causes, Consequences, and Policy Responses

This paper reviews the causes, consequences, and policy responses to large capital flows in several emerging markets. It opens by studying recent patterns of capital flows, and then discusses the causes of capital flows. Emphasis is given to the reasons behind the capital inflow episode in the 1990s...

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Bibliographic Details
Main Author: Lopez Mejia, Alejandro
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1999
Series:IMF Working Papers
Subjects:
Short-term Capital Movements
Private Capital Flows
Currency; Foreign Exchange
Current Account Adjustment
Balance Of Payments
Long-term Capital Movements
Open Economy Macroeconomics
Exports And Imports
International Economics
Capital Flows
Foreign Exchange
Capital Inflows
Capital Controls
Real Exchange Rates
Capital Movements
International Investment
Chile
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper reviews the causes, consequences, and policy responses to large capital flows in several emerging markets. It opens by studying recent patterns of capital flows, and then discusses the causes of capital flows. Emphasis is given to the reasons behind the capital inflow episode in the 1990s, the major reversals, and the volatility observed in these flows. The paper goes on to examine the consequences of capital inflows and the pros and cons of alternative policy responses. It concludes with policy lessons derived from country experiences
Physical Description:54 pages
ISBN:9781451843514

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