Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/88010 
Erscheinungsjahr: 
2000
Schriftenreihe/Nr.: 
Working Paper No. 440
Verlag: 
Inter-American Development Bank, Research Department, Washington, DC
Zusammenfassung: 
This paper considers ongoing and proposed reforms of the international financial system in light of Latin America`s recent experience. Most proposals are based on one of three diagnoses: excessive capital flows, insufficient capital flows, and excessively volatile capital flows. While theories of excessive capital flows lack empirical support, these views underlie both current and suggested reforms. A subsequent section evaluates proposals involving official financial support, private sector involvement, and financial standards and regulations. The paper supports measures to reduce contagion and liquidity crises, such as an international bankruptcy court, and attribute Latin American financial difficulties in part to original sin, countries` inability to borrow long-term in their own currencies.
Dokumentart: 
Working Paper

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