Munich Personal RePEc Archive

Capital Flow Reversals,the Exchange Rate Debate,and Dollarization

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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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.

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