Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/87889 
Year of Publication: 
1995
Series/Report no.: 
Working Paper No. 310
Publisher: 
Inter-American Development Bank, Office of the Chief Economist, Washington, DC
Abstract: 
This paper reviews recent experience with international capital flows in Latin America, and discusses the policy issues that surround them. The paper is predicated on three basic premises. Capital flows to the region are an important source of macroeconomic disturbance. Also, capital flows are very volatile. Large fluctuations in these flows are due in substantial part to factors external to Latin America. In addition, the fluctuations require a policy response. Policy should respond to sudden inflows or outflows of capital.
Document Type: 
Working Paper

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