Capital Flows and Investment Performance [electronic resource]: Lessons from Latin America /
French-Davis, Ricardo.
Reisen, Helmut.
United Nations Economic Commission for Latin America and the Caribbean,Content Provider
Paris : OECD Publishing,
1998.
Countries receiving large-scale capital inflows are at risk if these flows do not find their way into productive and long-term investment, as the Asian crisis of the late 1990s has proven. This book, the result of a joint project between the OECD Development Centre and the UN Economic Commission for Latin America and the Caribbean (ECLAC), examines the policies of a group of major Latin American countries faced with large inflows. The authors conclude that domestic policies impact on the effects of capital inflows. They demonstrate that certain countries, particularly Chile and Colombia, have been able to use policy to direct capital inflows into investment and thereby reduce the risk of instability in the financial sector. Such policies lead to effective management of foreign capital inflows and the creation of a stable, growth-oriented environment conducive to more sound external investment. The lessons of this book are as applicable in other regions of the world as they are in Latin America.
Capital Flows and Investment Performance: An Overview by Ricardo Ffrench-Davis and Helmut Reisen -- The Relationship between Foreign and National Savings under Financial Liberalisation by Andras Uthoff and Daniel Titelman -- Capital Flows and Investment Flows in Argentina by Roberto Frenkel, Jose Maria Fanelli and Carlos Bonvecchi -- Capital Flows and Brazilian Economic Performance by Dionisio Dias Carneiro -- Capital Inflows and Investment Performance: Chile in the 1990s by Manuel R. Agosin -- Capital Flows, Savings, and Investment in Colombia, 1990-1996 by Jose Antonio Ocampo and Camilo Tovar -- Capital Inflows and Investment Performance: Mexico by Ignacio Trigueros -- Capital Flows and Investment Performance: The Case of Peru by Stephany Griffith-Jones with Ana Marr
Countries receiving large-scale capital inflows are at risk if these flows do not find their way into productive and long-term investment, as the Asian crisis of the late 1990s has proven. This book, the result of a joint project between the OECD Development Centre and the UN Economic Commission for Latin America and the Caribbean (ECLAC), examines the policies of a group of major Latin American countries faced with large inflows. The authors conclude that domestic policies impact on the effects of capital inflows. They demonstrate that certain countries, particularly Chile and Colombia, have been able to use policy to direct capital inflows into investment and thereby reduce the risk of instability in the financial sector. Such policies lead to effective management of foreign capital inflows and the creation of a stable, growth-oriented environment conducive to more sound external investment. The lessons of this book are as applicable in other regions of the world as they are in Latin America.
Bibliographic Level Mode of Issuance: Monograph
Development
Finance and Investment
Capital movements
Capital movements
Investments, Foreign
International Finance
Finance
Business & Economics
Development Centre Studies