Managing Volatile Capital Inflows: The Experience of the 1990s
The paper aims at deriving lessons for macroeconomic policy in developing countries in response to heavy temporary capital inflows as witnessed in the early 1990s. First, after spelling out the major reasons why policymakers should be concerned about cyclical inflows, the volatility of different cap...
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| Format: | Article |
| Language: | English |
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World Scientific Publishing
1996-01-01
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| Series: | Asian Development Review |
| Online Access: | https://www.worldscientific.com/doi/10.1142/S0116110596000036 |