Munich Personal RePEc Archive

Formulating a policy response: Reply to Snowden

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.

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