Series: IMF Policy Discussion Papers
Author(s): Carmen Reinhart , Leonardo Leiderman , and Guillermo Calvo
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 1993
Keywords: Inflation, capital inflows, exchange rate, real exchange rate, capital inflow, exchange rate appreciation
Since 1990 capital has started to move from industrial countries to developing regions like Latin America, the Middle East and parts of Asia. Reentry into international capital markets is a welcome turn of events f...