Last edited by Tahn
Tuesday, July 21, 2020 | History

3 edition of Capital flows in Latin America found in the catalog.

Capital flows in Latin America

a new phase

by Philip Turner

  • 211 Want to read
  • 33 Currently reading

Published by Bank for International Settlements, Monetary and Economic Dept. in Basle .
Written in English

    Places:
  • Latin America.
    • Subjects:
    • Capital movements -- Latin America.

    • Edition Notes

      Statementby Philip Turner.
      SeriesBIS economic papers ;, no. 44
      ContributionsBank for International Settlements. Monetary and Economic Dept.
      Classifications
      LC ClassificationsHG3879 .B57 no. 44
      The Physical Object
      Pagination52 p. :
      Number of Pages52
      ID Numbers
      Open LibraryOL594696M
      ISBN 109291310425
      LC Control Number96186710
      OCLC/WorldCa32897994

      In , private-sector net capital flows from the United States to Latin America (excluding the Caribbean financial centers) were about $58 billion. As seen in Table 1, this total can be. Downloadable! Motivated by the excessive macroeconomic volatility experienced in Latin America, we examine the possible contribution of monetary and fiscal policies to this outcome. In contrast with previous literature, we consider the possible simultaneity between policy and GDP growth by using GMM VAR econometric techniques. Additionally, we explore the direct impact international capital.

      the levels of capital flows to Latin America. The peso crisis led to significant but fairly brief reversals of portfolio flows to the region in , while the international financial crisis that began in Asia led to major declines in capital flows to Latin America and a currency crisis in Brazil. Capital flows, capital controls and currency crises: Latin America in the s. [Felipe Larraín B;] -- "After a decade of financial isolation from world private capital markets following the debt crisis of the early s, Latin America became an effective magnet for private capital in the first half.

      Overview --Private Capital Flows and the Environment --pt. I. Flows Taxonomy -- Foreign Private Investment in Emerging Markets -- 3. Experience -- Private Capital Flows to Four Latin American Countries -- pt. II. Environmental Aspects of Foreign Direct Investment -- 4. ECLAC – Washington Office Capital Flows to Latin America: Recent Developments 6 Colombia’s Financiera de Desarrollo Territorial – Findeter, issued the first global-peso bond out of Colombia in more than 18 months, a US$ million-equivalent % bond. It was sold in Colombian pesos but settled in dollars.


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Capital flows in Latin America by Philip Turner Download PDF EPUB FB2

The book begins with a review of the resurgence of private capital flows in Latin America and analyzes the flows from the principal source regions in particular the United States, Europe, and Japan.

This is followed by an exami nation of the pattern of capital flows and their impact on Chile, Argentina. Private Capital Flows and the Environment: Lessons from Latin America [Bradford S. Gentry] on *FREE* shipping on qualifying offers.

With the dramatic shift from foreign aid to private investment as the engine of growth in many developing countries. Accounting for Saving: Financial Liberalization, Capital Flows and Growth in Latin America and Europe [Reinhart, Carmen] on *FREE* shipping on qualifying offers.

Accounting for Saving: Financial Liberalization, Capital Flows and Growth in Latin America and Europe. Capital Flows to 1 Latin America 1. Sebastian Edwards 2. Francisco Gil Diaz 3. Arminio Fraga 1. Sebastian Edwards Capital Inflows into Latin America: A Stop-Go Story. Introduction During the late s and early s the vast majority of the Latin Ameri- can countries embarked on ambitious reforms aimed at modernizing their by: Volatile Capital Flows: Taming Their Imapct on Latin America by IDB - Issuu This book discusses the issues associated with the capriciousness of capital flows into Latin America, examining.

ECLAC – Washington Office Capital Flows to Latin America: Recent developments 5 Highlights • The Latin America and Caribbean (LAC) region has seen the best and the worst conditions for tapping international capital markets this year.

In Januaryissuers from the region placed their highest. Other things being equal, increases in U.S. interest rates are associated with capital outflows from Latin America. Large and small countries are equally vulnerable. (4) Developments in large countries influence the capital account balance of all countries in the region through a more persistent form of contagion than that associated with a crisis.

While the same conditional effect of IQ holds in Latin America for TFP growth, this effect is reversed in Asia. For very high levels of IQ (91st percentile), the marginal effect of capital flows on TFP growth in Asia is almost negligible.

The marginal effects also vary based on the composition of capital flows in each by: 1. Central banks in Latin America have actively used reserve requirements. During economic booms and periods of large capital inflows, central banks have increased reserve requirements and kept policy rates : Michael Brei, Ramon Moreno.

Reserve requirements may help resolve the policy dilemma posed by capital flows if higher policy rates are associated with increases in both bank deposit and loan rates but higher reserve requirements only increase lending rates.

8 If so, domestic credit growth, aggregate demand, and inflation would be contained without encouraging additional Author: Michael Brei, Ramon Moreno. "International Capital Flows and Latin America: Making Sense of Disappointing Results" published on 31 May by Edward Elgar Publishing.

(5) Smaller Latin American countries appear to be affected more by developments in a core set of countries in a region than by developments in a single country. Suggested Citation: Suggested Citation Calvo, Sara Guerschanik and Reinhart, Carmen M., Capital Flows to Latin America: Is There Evidence of Contagion Effects?Cited by: capital flows to Latin America sinceand compares it with movements in world real interest rates.

Two lessons emerge from this comparison. First, the flow of capital to Latin America is very volatile. From a peak of about 6 percent of GDP innet capital flows to Latin America abruptly dropped to-4%-2% 0% 2% 4% 6% 8%.

cycles in capital flows to Latin American economies and their sensitivity to events in the larger countries in the region. 1 / See, for instance, International Monetary Fund (). Introduction – Challenges related to capital flows: Latin American perspectives Ramon Moreno1 Abstract This BIS Paper (No.

68) is a collection of essays focusing on the drivers and effects of capital flows and the challenges they pose for the implementation of monetary and other policies. This book discusses the issues associated with the capriciousness of capital flows into Latin America, examining macroeconomic and financial sector impact, as well as offering policy.

Capital flows over time Capital flow swings to emerging markets behave similarly—suggesting a broader “global financial cycle.” Latin America is certainly no exception, with 80 percent of the variation over time in capital flows being common to the region.

In fact, over the short term, swings in capital flows to the region. flows to Latin America in the s and shows that capital flows to the region have been highly volatile and very sensitive to external factors by focusing on the destructive power of sudden stops in capital flows.

Capital Flows and Saving in Latin America and Asia: A Reinterpretation Carmen M. Reinhart University of Maryland College Park, Maryland tel: () fax: () e-mail: [email protected] Ernesto Talvi1 Inter-american Development Bank Washington, D.C. tel: () fax: () e-mail: ernestot Cited by: After six months of near panic selling of Latin American securities, flows returned in the second half of The Brady Plan But before we try to determine why capital flows returned to Latin America so quickly, we should first review why capital finally started returning at the end of the by: 3.

After World War II, international capital flowed into slow-growing Latin America rather than fast-growing Asia. This is surprising as, everything else equal, fast growth should imply high capital returns. This paper develops a capital flow accounting framework to quantify the role of different factor market distortions in producing these by: 4.As is well-known from the experience in Latin America (Calvo et al., ; Hausmann and Rojas-Suarez, ), capital flows are a source of overvaluation and prone to sudden reversals, and there is.The recent history of capital flows to Latin America is a tumultuous one: first there was the flood of dollars from newly rich Middle Eastern oil exporters, recycled as loans from U.S.

and European banks, that washed over the region starting in the mids.