Implications of a Surge in Capital Inflows : Available tools and Consequences for the Conduct of Monetary Policy »
Series: IMF Working Papers
Author(s): Jang-Yung Lee
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 1996
This paper seeks to extend discussion of monetary policy instruments to the situation of a country faced with major capital inflows when the process of domestic financial liberalization is incomplete. It briefly su...