Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/53476 
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dc.contributor.authorSchadler, Susanen
dc.date.accessioned2011-12-15T12:21:18Z-
dc.date.available2011-12-15T12:21:18Z-
dc.date.issued2008-
dc.identifier.urihttp://hdl.handle.net/10419/53476-
dc.description.abstractTwo waves of large capital inflows to emerging markets in the past 20 years appear to present a paradox: inflows can provide opportunities for faster growth and technology transfer, but they can also feed overheating pressures and unleash forces that push recipients into crisis. This paper examines over 90 episodes of large inflows asking whether ill-effects were common or severe, how they were or were not avoided, and what circumstances resulted in the most successful episodes. The findings point to the crucial role of counter-cyclical fiscal policy during inflow episodes. Other protective steps-particularly in the area of financial sector supervision and development-can be equally important.en
dc.language.isoengen
dc.publisher|aAsian Development Bank Institute (ADBI) |cTokyoen
dc.relation.ispartofseries|aADBI Discussion Paper |x97en
dc.subject.jelE44en
dc.subject.jelF36en
dc.subject.jelF41en
dc.subject.ddc330en
dc.subject.stwKapitalimporten
dc.subject.stwAufstrebende Märkteen
dc.titleManaging large capital inflows: Taking stock of international experiences-
dc.typeWorking Paperen
dc.identifier.ppn569571960en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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