Capital Inflows and Real Exchange Rate Appreciation in Latin America
Download or Read eBook Capital Inflows and Real Exchange Rate Appreciation in Latin America PDF written by Mr.Guillermo Calvo and published by International Monetary Fund. This book was released on 1992-08-01 with total page 66 pages. Available in PDF, EPUB and Kindle.
Author | : Mr.Guillermo Calvo |
Publisher | : International Monetary Fund |
Total Pages | : 66 |
Release | : 1992-08-01 |
ISBN-10 | : 9781451964455 |
ISBN-13 | : 1451964455 |
Rating | : 4/5 (55 Downloads) |
Book Synopsis Capital Inflows and Real Exchange Rate Appreciation in Latin America by : Mr.Guillermo Calvo
Book excerpt: 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.