Capital Inflows and Real Exchange Rate Appreciation in Latin America [electronic resource] : The Role of External Factors / Leonardo Leiderman.
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TextSeries: IMF Working Papers; Working Paper ; No. 92/62Publication details: Washington, D.C. : International Monetary Fund, 1992Description: 1 online resource (66 p.)ISBN: 1451964455 :ISSN: 1018-5941Subject(s): Capital Inflow | Capital Inflows | Capital Outflows | Exchange Rate | Real Exchange Rate | Argentina | Brazil | Chile | Mexico | United StatesAdditional physical formats: Print Version:: Capital Inflows and Real Exchange Rate Appreciation in Latin America : The Role of External FactorsOnline resources: IMF e-Library | IMF Book Store Abstract: The characteristics of recent capital inflows into Latin America are discussed. It is argued that these inflows are partly explained by conditions outside the region, like recession in the United States and lower international interest rates. This suggests the possibility that a reversal of those conditions may lead to a future capital outflow, increasing the macroeconomic vulnerability of Latin American economies. Policy options are argued to be limited.
The characteristics of recent capital inflows into Latin America are discussed. It is argued that these inflows are partly explained by conditions outside the region, like recession in the United States and lower international interest rates. This suggests the possibility that a reversal of those conditions may lead to a future capital outflow, increasing the macroeconomic vulnerability of Latin American economies. Policy options are argued to be limited.
Description based on print version record.
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