Reinhart, Carmen and Calvo, Guillermo (1999): Capital Flow Reversals,the Exchange Rate Debate,and Dollarization. Published in: Finance and Development , Vol. 36, No. 3 (September 1999): pp. 13-15.
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Abstract
More frequent and increasingly severe crises are encouraging emerging market economies to seek means to make themselves less vulnerable to sudden stops in capital flows. Capital controls have been widely discussed, but dollarization may offer a longer-term and more market-friendly solution.
| Item Type: | MPRA Paper |
|---|---|
| Original Title: | Capital Flow Reversals,the Exchange Rate Debate,and Dollarization |
| Language: | English |
| Keywords: | capital flows, crises, exchange rates |
| Subjects: | F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance F - International Economics > F3 - International Finance > F32 - Current Account Adjustment ; Short-Term Capital Movements F - International Economics > F3 - International Finance > F30 - General |
| Item ID: | 8951 |
| Depositing User: | Carmen Reinhart |
| Date Deposited: | 05 Jun 2008 03:09 |
| Last Modified: | 01 Oct 2019 10:33 |
| References: | Calvo, Guillermo A. and Carmen M. Reinhart, “When Capital Inflows Come to a Sudden Stop: Consequences and Policy Options” (with Guillermo A. Calvo) in Peter Kenen and Alexandre Swoboda, eds. Reforming the International Monetary and Financial System, (Washington DC: International Monetary Fund, 2000), 175-201. |
| URI: | https://mpra.ub.uni-muenchen.de/id/eprint/8951 |
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