Abstract: This paper reviews the causes, consequences, and policy responses to large capital flows in several emerging markets. It opens by studying recent patterns of capital flows, and then discusses the causes of capital flows.... more
Abstract: This paper reviews the causes, consequences, and policy responses to large capital flows in several emerging markets. It opens by studying recent patterns of capital flows, and then discusses the causes of capital flows. Emphasis is given to the reasons behind the capital ...
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Abstract: This paper studies the main determinants of the sharp decline in Colombias private saving rate which accompanied the steep deterioration of the countrys external current account deficit in the 1990s. The paper rejects current... more
Abstract: This paper studies the main determinants of the sharp decline in Colombias private saving rate which accompanied the steep deterioration of the countrys external current account deficit in the 1990s. The paper rejects current arguments pointing to a ...
