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Conclusion to Part I
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Volatile Capital Flows: Taming Their Impact on Latin America
Ricardo Hausmann,Liliana Rojas-Suárez
No preview available - 1996
adjustment Argentina assets balance sheet bank deposits bank’s banking system borrowers Brazil capi capital markets capital outflows central bank changes Chile Colombia controls coun country’s create current account deficits David Mulford demand deposits depositors discussion dollar deposits domestic currency Domingo Cavallo effective equity example exchange rate regime external Figure financial institutions fiscal policy fixed exchange rates flows to Latin foreign currency funds high reserve requirements important increase inflation inflows episode Inter-American Development Bank interest rates international capital flows international reserves issues Latin America Latin American countries Latin American economies liabilities liquidity growth loan-loss reserves long-term macroeconomic ment Mexican Mexico nonbank nonperforming loans percent of GDP Peru policymakers portfolios problems ratio of liquidity real exchange rate recent reduce reforms region regulation reserve accumulation response risk savings and loans short-term stability sterilization substantial supervisory tion U.S. dollars Venezuela volatile capital flows wholesale banks