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

By: Corbo, Vittorio; Hermandez, Leonardo.
Material type: materialTypeLabelBookPublisher: Washington : World Bank, 1994Subject(s): Capital Movements | Economic policy -- Fiscal policy -- Exchange rate//investments/. -- Economic policy -- Fiscal policy -- Exchange rate//investments/. -- Economic policy -- Fiscal policy -- Exchange rate//investmentsSummary: 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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