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| dc.title | The Macroeconomics of Capital Flows to Latin America: Experience and Policy Issues |
| dc.contributor.author | Gavin, Michael |
| dc.contributor.author | Hausmann, Ricardo |
| dc.contributor.author | Leiderman, Leonardo |
| dc.contributor.orgunit | Department of Research and Chief Economist |
| dc.coverage | Latin America |
| dc.date.available | 2010-12-10T00:00:00 |
| dc.date.issue | 1995-10-01T00:00:00 |
| dc.description.abstract | 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. |
| dc.format.extent | 25 |
| dc.identifier.doi | http://dx.doi.org/10.18235/0011580 |
| dc.identifier.url | https://publications.iadb.org/publications/english/document/The-Macroeconomics-of-Capital-Flows-to-Latin-America-Experience-and-Policy-Issues.pdf |
| dc.language.iso | en |
| dc.medium | Adobe PDF |
| dc.publisher | Inter-American Development Bank |
| dc.subject | Financial Management |
| dc.subject | Government Budget |
| dc.subject | Exchange Rate |
| dc.subject | Capital Flow |
| dc.subject.keywords | reserve accumulation;WP-310;fiscal deficit;fiscal policy |
| dc.type | Working Papers |
| idb.identifier.pubnumber | Working Papers |