Capital Inflows and Real Exchange Rate Appreciation in Latin America : The Role of External Factors »
Series: IMF Working Papers
Author(s): Leonardo Leiderman , Carmen Reinhart , and Guillermo Calvo
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 1992
The characteristics of recent capital inflows into Latin America are discussed. It is argued that these inflows are partly explained by conditions outside the region, like recession in the United States and lower i...