Volatile capital flows : taming their impact on Latin America

書誌事項

Volatile capital flows : taming their impact on Latin America

edited by Ricardo Hausmann and Liliana Rojas-Suárez

Inter-American Development Bank, 1996

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Distributed by the Johns Hopkins University Press

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内容説明

This volume addresses the problem of how to manage large capital flows in a volatile economic environment like Latin-America. It argues that economic liberalization remains a valid long-term strategy for the region, but that it needs to find ways of protecting itself against financial shocks. The extent to which countries should influence the composition of capital inflows is considered, as is the adjustment to less international capital without jeopardizing domestic needs, and whether international monetary co-operation should be strengthened to protect against future crises.

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