Reinhart, Carmen and Calvo, Guillermo and Leiderman, Leonardo (1993): Formulating a policy response: Reply to Snowden. Published in: IMF Staff Papers , Vol. 40, No. 4 (December 1993): pp. 865-868.
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In this short note we further discuss the role of macroeconomic policies to deal with surges in capital inflows. Primarily policies aimed at avoiding financial crises or an overvaluation of the real exchange rate.
|Item Type:||MPRA Paper|
|Original Title:||Formulating a policy response: Reply to Snowden|
|Keywords:||capital flows external factors policy|
|Subjects:||F - International Economics > F3 - International Finance > F32 - Current Account Adjustment; Short-Term Capital Movements
F - International Economics > F3 - International Finance > F30 - General
F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F41 - Open Economy Macroeconomics
|Depositing User:||Carmen Reinhart|
|Date Deposited:||15. Feb 2009 08:46|
|Last Modified:||16. Feb 2013 09:51|
Calvo, Guillermo A., Leonardo Leiderman, and Carmen M. Reinhart, “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., Leonardo Leiderman, and Carmen M. Reinhart, "The Capital Inflows Problem: Concepts and Issues," IMF Paper on Policy Analysis and Assessment 93110 (Washington: International Monetary Fund, 1993).