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: Capital Flows and Financial Crises (1998): pp. 93-127.

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.

• Item Type: MPRA Paper
• Language: English
• 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

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