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dc.contributor.authorNunnenkamp, Peteren_US
dc.date.accessioned2009-01-28T14:13:48Z-
dc.date.available2009-01-28T14:13:48Z-
dc.date.issued1998en_US
dc.identifier.urihttp://hdl.handle.net/10419/1005-
dc.description.abstractPoliticians in Asia and some economists contend that developing countries are at the mercy of the rapidly changing winds blowing from international capital markets. We are indeed witnessing another episode of volatility in capital flows, with foreign investors suddenly fleeing emerging markets in Asia. However, speculative attacks are a symptom, rather than the cause of financial turbulences and currency crises in developing countries. In the era of globalization, policy consistency and government credibility have become still more important for sustaining external financing. South Asia would be ill - advised to forgo the benefits of capital inflows in order to avoid the risk of subsequent outflows. Rather, South Asian governments should not repeat the economic policy failures that are underlying the recent crises in Latin America and East Asia.-
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKiel Working Papers 853-
dc.subject.jelF20-
dc.subject.jelF43-
dc.subject.ddc330-
dc.subject.stwInternationale Kapitalmobilitäten_US
dc.subject.stwDirektinvestitionen_US
dc.subject.stwEntwicklungskonvergenzen_US
dc.subject.stwWirtschaftspolitiken_US
dc.subject.stwWährungspolitiken_US
dc.subject.stwGlaubwürdigkeiten_US
dc.subject.stwInstitutionalismusen_US
dc.subject.stwEntwicklungsländeren_US
dc.subject.stwSüdasienen_US
dc.titleBoom and bust in capital flows to developing countries : what South Asia can learn from recent financial crisesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn243472978en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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Kieler Arbeitspapiere, IfW

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