TY  - GEN
AU  - Gavin, Michael
AU  - Hausmann, Ricardo
AU  - Leiderman, Leonardo
TI  - The Macroeconomics of Capital Flows to Latin America: Experience and Policy Issues
PY  - 2010
Y1  - 2010/12/10
DO  - 10.18235/0011580
AB  - This paper reviews recent experience with international capital flows in Latin America, and discusses the policy issues that surround them. The paper is predicated on three basic premises. Capital flows to the region are an important source of macroeconomic disturbance. Also, capital flows are very volatile. Large fluctuations in these flows are due in substantial part to factors external to Latin America. In addition, the fluctuations require a policy response. Policy should respond to sudden inflows or outflows of capital.
UR  - https://doi.org/10.18235/0011580
ER  -