Since 1990 capital has flowed from industrial countries to developing regions like Latin America, and parts of Asia. Reentry into international capital markets is a welcome turn of events for most countries. However, capital inflows are often associated with inflationary pressures, a real exchange rate appreciation, a deterioration in the current account, and a boom in bank lending. This paper briefly examines how these inflows have altered the macroeconomic environment in a number of Asian and Latin American countries. The pros and cons of the policy options are discussed.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
13902.
Length: Date of creation: Jul 1994 Date of revision: Publication status: Published in Contemporary Economic Policy 3.12(1994): pp. 54-66 Handle: RePEc:pra:mprapa:13902
Find related papers by JEL classification: F10 - International Economics - - Trade - - - General F30 - International Economics - - International Finance - - - General E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
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