Cover Recent Experiences with Surges in Capital Inflows
Recent Experiences with Surges in Capital Inflows
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Abstract

This paper explores the experience of six countries (Chile, Colombia, Egypt, Mexico, Spain and Thailand) with capital inflows. It illustrates that although capital inflows are usually beneficial, too great an inflow can become a problem and make it difficult for authorities to choose the appropriate policy response.

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Author: Mr. Robert Brandon Kahn1, Mr. Adam Bennett, Ms. María Vicenta Carkovic S., and Ms. Susan M Schadler
  • 1 0000000404811396https://isni.org/isni/0000000404811396International Monetary Fund
Series:
Occasional Papers
Publisher:
International Monetary Fund
Language:
English
Publication Date:
15 Sep 1993
DOI:
https://doi.org/10.5089/9781557753502.084
ISBN:
9781557753502
ISSN:
0251-6365
Pages:
51
Keywords:
OP; interest rate; deficit; surges in inflow; policy action; microeconomic policy; exchange rate expectation; capital mobility; Capital inflows; Current account deficits; Exchange rates; Current account; Sterilization; Middle East; Southeast Asia; North America; Europe; fiscal policy policy change; exchange rate action
Legal-disclaimer:
The views expressed in this book are those of the authors and should not be reported as or attributed to the International Monetary Fund, its Executive Board, or the governments of any of its member countries.