Managing capital inflows in Latin America
Office of Development Studies, United Nations Development Programme, 1996 - Business & Economics - 39 pages
"This paper discusses the recent foreign capital surge in four countries of Latin America -- Brazil, Chile, Colombia and Mexico -- and their governments' policy responses to the surge." (p. 1).
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agosto amortizations arbitrage Argentina asset balance of payments Banco Bank of Chile Brazil capital account capitales extranjeros cent of GDP Central Bank CEPAL Chile and Colombia Chilean Colombia country risk premium currency appreciation current account deficits deposit depreciation discourage short-term dollar domestic interest rates Económica economy excess supply exchange rate appreciation export financial cost floating band foreign borrowing foreign capital surge foreign credits Foreign direct investment foreign exchange market Four Latin American Griffith-Jones Héctor Gutiérrez implicit tax INFLOWS IN LATIN investors Julio Peña junio liberalization macroeconomic MANAGING CAPITAL INFLOWS Manuel maturities mercado Mexican crisis Mexico monetary authorities months noviembre option outflows overshooting paying the financial peso política portfolio capital Portfolio flows purchases real appreciation real exchange rate reforms regulations revalued Ricardo Paredes Santiago short-term capital inflows short-term inflows sterilized intervention supply of foreign surge in foreign tax on foreign Tobin tax UNIVERSIDAD DE CHILE volatile