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Managing Temporary Capital Inflows: Lessons from Asia and Latin America

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  • Helmut Reisen

    (International Policy Issues, OECD Development Centre, Paris.)

Abstract

As witnessed by Mexico and Argentina in 1995 and by the Southern Cone countries of Latin America in the early 1980s, the macroeconomic adjustment to a sudden reversal of foreign capital flows can be extremely painful. There are at least four major reasons why governments and central banks should care about the sustainability of the capital flows

Suggested Citation

  • Helmut Reisen, 1995. "Managing Temporary Capital Inflows: Lessons from Asia and Latin America," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 34(4), pages 395-427.
    • Handle: RePEc:pid:journl:v:34:y:1995:i:4:p:395-427
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    File URL: http://www.pide.org.pk/pdf/PDR/1995/Volume4/395-427.pdf
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    References listed on IDEAS

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    Cited by:

    1. Sebastian Edwards, 1997. "The Mexican Peso Crisis? How Much Did We Know? When Did We Know It?," NBER Working Papers 6334, National Bureau of Economic Research, Inc.
    2. Nelson, Joan M., 1996. "Promoting policy reforms: The twilight of conditionality?," World Development, Elsevier, vol. 24(9), pages 1551-1559, September.
    3. Sebastian Edwards & Miguel A. Savastano, 2000. "The Mexican Peso in the Aftermath of the 1994 Currency Crisis," NBER Chapters, in: Currency Crises, pages 183-236, National Bureau of Economic Research, Inc.
    4. Kiichiro Fukasaku & David Martineau, 1999. "Coopération monétaire en Asie de l'Est : l'apport des tests de causalité et de la cointégration," Économie et Prévision, Programme National Persée, vol. 140(4), pages 105-116.
    5. Langhammer, Rolf J. & Schweickert, Rainer, 1995. "The Mexican reform process: improving long-run perspectives and mastering short-run turbulences," Kiel Discussion Papers 255, Kiel Institute for the World Economy (IfW Kiel).

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