Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/92681
Authors: 
Sikdar, Soumyen
Year of Publication: 
2008
Series/Report no.: 
ISER Discussion Paper, Institute of Social and Economic Research, Osaka University 725
Abstract: 
External capital inflow on a massive scale into the emerging market economies is a very significant phenomenon of recent years. Making distinctions between direct investment, real and financial, and portfolio investment and incorporating crowding in or crowding out effects we derive some results about the impact of higher inflow on output, investment and the exchange rare. A formula is suggested for estimating the cost of central bank intervention.
Subjects: 
Foreign direct investment
Foreign portfolio investment
Foreign reserves
Flexible exchange rate
JEL: 
E12
F32
F41
Document Type: 
Working Paper

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