Reinhart, Carmen and Dunnaway, Steve (1996): Dealing with capital inflows: Are there any lessons? Published in: United Nations University, WIDER Research for Action , Vol. 28, (1996): pp. 1-43.
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We have now witnessed more than half a decade of relatively heavy capital inflows to a large group of highly heterogeneous developing countries and economies in transition in Asia, Eastern Europe, the Former Soviet Union, Latin America, and parts of Africa and the Middle East--we have also witnessed the broad range of policy responses that these inflows have elicited. In light of this, the aim of this paper is threefold: first, we take stock of which countries implemented which policies; second, we attempt to assess to what extent the policies achieved their intended objectives; lastly, we draw lessons about which policies appear to have been the most successful tool in coping with surging capital inflows, with emphasis on the "policy mix" and how they interact.
|Item Type:||MPRA Paper|
|Original Title:||Dealing with capital inflows: Are there any lessons?|
|Keywords:||capital inflows capital controls reserve requirements exchange rate policy sterilized intervention|
|Subjects:||F - International Economics > F3 - International Finance
E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit
E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
|Depositing User:||Carmen Reinhart|
|Date Deposited:||04. Mar 2009 17:19|
|Last Modified:||16. Feb 2013 06:19|
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