What factors appear to drive private capital flows to developing countries?
Subtitle: and how does official lending respond?
By: Dipak Dasgupta and Dilip Ratha.
Contributors: Ratha, Dilip.; World Bank. Middle East and North Africa Region. Social and Economic Development Group.; World Bank. Development Prospects Group.
Series: Policy research working paper ;; 2392; Policy research working papers ;; 2392.
Publisher: World Bank, Middle East and North Africa Region, Social and Economic Development Group; Development Prospects Group
Published: 2000
Place of publication: Washington, DC (1818 H St., NW, Washington 20433)
Language: eng
Number of pages: 23
Subjects: World Bank -- Developing countries.; Capital movements -- Developing countries.
Description: Private portfolio flows to a country tend to rise in response to an increase in the current account deficit, a rise in foreign direct investment flows, higher per capita income, and growth performance. The most important determinant of official lending to a developing country seems to be the external current account balance or a change in international reserves in the country.
Notes: Includes bibliographical references (p. 18).
"July 2000"--Cover.
Also available on the World Wide Web.