Recent Experiences with Surges in Capital Inflows

ByRobert Brandon Kahn, Adam Bennett, María Vicenta Carkovic S., Susan M Schadler

September 15, 1993

Summary

This paper explores the experience of six countries (Chile, Colombia, Egypt, Mexico, Spain and Thailand) with capital inflows. It illustrates that although capital inflows are usually beneficial, too great an inflow can become a problem and make it difficult for authorities to choose the appropriate policy response.

Subject: Balance of payments, Capital inflows, Central banks, Current account, Current account deficits, Exchange rates, Foreign exchange, Sterilization

Keywords: Capital inflows, capital mobility, Current account, Current account deficits, deficit, Europe, exchange rate action, exchange rate expectation, Exchange rates, fiscal policy policy change, interest rate, microeconomic policy, Middle East, North America, OP, policy action, Southeast Asia, Sterilization, surges in inflow

Pages:
51
Volume:
1993
DOI:
https://doi.org/10.5089/9781557753502.084
Issue:
010
Series:
Occasional Paper No. 1993/010
Stock No:
S108EA0000000
ISBN:
9781557753502
ISSN:
0251-6365

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