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Macroeconomic adjustment to capital inflows: Latin American style versus East Asian style.

By:

Corbo, Vittorio; Hermandez, Leonardo

Material type:

TextPublication details: Washington : World Bank, 1994.Subject(s):

Capital Movements
Economic policy -- Fiscal policy -- Exchange rate//investments/. -- Economic policy -- Fiscal policy -- Exchange rate//investments/. -- Economic policy -- Fiscal policy -- Exchange rate//investments

Summary: This paper reviews and compares the recent experiences of four Latin American countries (Argentina, Chile, Colombia and Mexico) and five East Asian countries (Indonesia, Korea, Malaysia, the Philippines and Thailand) that have received capital inflows in recent years, and discusses how they have dealt with the microeconomic side effects of capital inflows.

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This paper reviews and compares the recent experiences of four Latin American countries (Argentina, Chile, Colombia and Mexico) and five East Asian countries (Indonesia, Korea, Malaysia, the Philippines and Thailand) that have received capital inflows in recent years, and discusses how they have dealt with the microeconomic side effects of capital inflows.

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