Sterilizing capital inflows:

Developing countries fortunate enough to experience capital inflows haveseen rising levels of investment and enhanced economic growth. Capitalinflows have a negative side, however, in that they tend to appreciatethe domestic currency, making exports less competitive, and to encourageinflation. One d...

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Bibliographic Details
Main Author: Lee, Jang-yung (Author)
Format: Electronic eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1997
Series:Economic issues (International Monetary Fund) 7
Subjects:
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Summary:Developing countries fortunate enough to experience capital inflows haveseen rising levels of investment and enhanced economic growth. Capitalinflows have a negative side, however, in that they tend to appreciatethe domestic currency, making exports less competitive, and to encourageinflation. One defense against these destabilizing effects is to sterilize capital inflows by reducing the domestic component of themonetary base through the various initiatives explained in thispamphlet
Physical Description:1 Online-Ressource (iii, 16 Seiten)
ISBN:9781455258758
145525875X
ISSN:1020-5098

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