Reinhart, Carmen and Reinhart, Vincent (1998): Some lessons for policy makers who deal with the mixed blessing of capital inflows. Published in: Capital Flows and Financial Crises (1998): pp. 93-127.
This is the latest version of this item.
Download (116Kb) | Preview
This paper provides a cross country analysis of surges on capital inflows. Specifically, we examine the broad range of policies that countries have adopted to cope the challenges posed by large and volatile capital flows. We take stock of developments of exchange rate and monetary policy, including, in some cases, the use of capital constrols.
|Item Type:||MPRA Paper|
|Original Title:||Some lessons for policy makers who deal with the mixed blessing of capital inflows|
|Keywords:||Capital flows exchange rate fiscal policy monetary policy|
|Subjects:||F - International Economics > F3 - International Finance
E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit
|Depositing User:||Carmen Reinhart|
|Date Deposited:||06. Feb 2009 15:10|
|Last Modified:||15. Feb 2013 17:39|
Boughton, James, “Commodity and Manufactures Prices in the Long Run,” International Monetary Fund Working Paper No. 91/47, May 1991.
Calvo, Guillermo A., Leonardo Leiderman , “Capital Inflows and Real Exchange Rate Appreciation in Latin America: The Role of External Factors,” IMF Staff Papers, Vol. 40 No. 1, March 1993, 108-151.
Calvo, Guillermo A., Alejandro Izquierdo, and L.F. Mejia, “On the Empirics of Sudden Stops: The Relevance of Balance Sheet Effects,” NBER Working Paper 10520, 2004.
Calvo, Guillermo A., and Ernesto Talvi, “Sudden Stop, Financial Factors and Economic Collapse in Latin America: Learning from Argentina and Chile,” NBER Working Paper No. W11153 February 2005.
Calvo, Guillermo A., Alejandro Izquierdo, and Rudy Loo-Kung, “Relative Price Volatility Under Sudden Stops: The Relevance of Balance Sheet Effects,” Journal of International Economics 69(1), June 2006, 231-254.
Chuhan Punam, Stijn Claessens, and Nlandu Mamingi, “Equity and Bond Flows to Asia and Latin America; The Role of Global and Country Factors,” Journal of Development Economics (55), 1998.
Cuddington, John, "Commodity Export Booms in Developing Countries," World Bank Research Observer 4, 1989, 143-165.
Diaz-Alejandro, Carlos. “Good-Bye Financial Repression, Hello Financial Crash.” Journal of Development Economics, 19(1/2), February 1985, 1-24.
Dooley, Michael, Eduardo Fernandez-Arias, and Kenneth Kletzer, “Recent Private Capital Inflows to Developing Countries: Is the Debt Crisis History?, World Bank Economic Review 10(1), January 1996, 27-49
Goldfajn, Ilan and Rodrigo Valdes, “The Aftermath of Appreciations,” Quarterly Journal of Economics 116(1), February 1999, 229-262.
Kaminsky, Graciela L ., Carmen M. Reinhart, and Carlos A.Végh “When It Rains, It Pours: Procyclical Capital Flows and Policies in Mark Gertler and Kenneth S. Rogoff, eds. NBER Macroeconomics Annual 2004. Cambridge, Mass: MIT Press, 11-53.
Lucas, Robert, “Why Doesn't Capital Flow from Rich to Poor Countries?" American Economic Review Papers and Procedings, 80(2), May 1990, 92–96.
Milesi Ferreti, Gian Maria and Assaf Razin, “Current Account Reversals and Currency Crises: Empirical Regularities,” in Paul Krugman (editor), Currency Crises, University of Chicago Press, 2000.
World Bank, The Road to Financial Integration: Private Capital Flows to Developing Countries (Washington DC: World Bank, 1997).
Available Versions of this Item
“Some Lessons for Policy Makers Who Deal with the Mixed Blessing of Capital Inflows,”. (deposited 13. Feb 2008 07:26)
- Some lessons for policy makers who deal with the mixed blessing of capital inflows. (deposited 06. Feb 2009 15:10) [Currently Displayed]