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Sterilizing capital inflows /
Developing countries fortunate enough to experience capital inflows have seen rising levels of investment and enhanced economic growth. Capital inflows have a negative side, however, in that they tend to appreciate the domestic currency, making exports less competitive, and to encourage inflation. O...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
1997.
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| Colección: | Economic issues (International Monetary Fund) ;
7. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | Developing countries fortunate enough to experience capital inflows have seen rising levels of investment and enhanced economic growth. Capital inflows have a negative side, however, in that they tend to appreciate the domestic currency, making exports less competitive, and to encourage inflation. One defense against these destabilizing effects is to sterilize capital inflows by reducing the domestic component of the monetary base through the various initiatives explained in this pamphlet. |
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| Notas: | "Draws on material originally contained in IMF Working Paper 96/53 'Implications of a surge in capital inflows: available tools and consequences for the conduct of monetary policy, ' by Jang-Yung Lee"--Page iii. "Published February 1997"--Title page verso. |
| Descripción Física: | 1 online resource (iii, 16 pages). |
| ISBN: | 9781455258758 145525875X |