Capital flows and their effect on the monetary base / Helmut Releen.

Format:

Book

Government document

Author/Creator:

Releen, Helmut, author.

Language:

English

Subjects (All):

Economic and Social Development.

Local Subjects:

Economic and Social Development.

Physical Description:

1 online resource (10 pages)

Contained In:

CEPAL Review Vol. 1993, no. 51, p. 113-122 1993:51<113 16840348

Place of Publication:

New York : United Nations, 1993.

System Details:

text file

Summary:

The large capital inflows into some Latin American countries since 1990 are a mixed blessing, for they widen the trade-off between disinflation at home and competitiveness abroad. A large part of the flows seems to be temporary rather than permanent. Permanent flows should be accommodated by an upward float o f the currency, temporary flows by sterilized intervention on the foreign exchange market. Recent evidence suggests that sterilized intervention is more effective and carries lower fiscal costs than is often maintained. Asian policy practice suggests ways of sterilized intervention even with underdeveloped securities markets.

Notes:

Title from title screen (viewed May 1, 2017).

Access Restriction:

Restricted for use by site license.