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“Some Lessons for Policy Makers Who Deal with the Mixed Blessing of Capital Inflows,”

Reinhart, Carmen and Reinhart, Vincent (1998): “Some Lessons for Policy Makers Who Deal with the Mixed Blessing of Capital Inflows,”. Published in: (in Miles Kahler, ed. Capital Flows and Financial Crises, Council on Foreign Relations Book (Ithaca, NY: Cornell University Press, 1998), (1998): pp. 93-127.

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Abstract

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.

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