Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/52851 
Erscheinungsjahr: 
2002
Schriftenreihe/Nr.: 
WIDER Discussion Paper No. 2002/81
Verlag: 
The United Nations University World Institute for Development Economics Research (UNU-WIDER), Helsinki
Zusammenfassung: 
In this overview we try to explain, first, why funds continued to flow towards emerging economies while fundamentals in host countries had been deteriorating before the Asian crisis (rising external deficit, with a significant liquid component appreciating exchange rates; low capital formation, particularly in Latin America), and why funding remains dry for long since 1998; the role of the nature of the predominant agents and of a process of flows rather than one shot building of stock of foreign capital are stressed. Then, the analysis focuses on the interrelations of capital flows and fiscal, monetary, exchange-rate and bank regulation policies, building on the papers prepared by participants in this project and related recent references. Finally, some policy implications are presented for booms and bust stages of inflows-led cycles.
Schlagwörter: 
financial crises
countercyclical macroeconomics
exchange rate
fiscal policy
economic growth
JEL: 
E6
F21
F32
F41
F43
ISBN: 
929190287X
Dokumentart: 
Working Paper

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