Title:
Sterilizing capital inflows
Personal Author:
Series:
Economic issues (International Monetary Fund); 7
Publication Information:
Washington, D.C. : International Monetary Fund, 1997
ISBN:
9781557756329
Available:*
Library | Item Barcode | Call Number | Material Type | Item Category 1 | Status |
|---|---|---|---|---|---|
Searching... | 30000004127084 | HG3881 E26 1997 j7 | Open Access Book | Book | Searching... |
On Order
Summary
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.
