Capital Flows and Investment Performance
Subtitle: Lessons from Latin America
By: Ricardo French-Davis and Helmut Reisen
Contributors: Reisen, Helmut
Series: Development Centre studies; Development Centre Studies
Publisher: OECD Publishing
Published: 1998
Place of publication: Paris
Language: eng
Format: [electronic resource]:
Number of pages: 240
ISBN-13: 9789264163454
Subjects: Finance and Investment; Development
Description: 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.
Table of contents: title: Capital Flows and Investment Performance: An Overview by Ricardo Ffrench-Davis and Helmut Reisen; title: The Relationship between Foreign and National Savings under Financial Liberalisation by Andras Uthoff and Daniel Titelman; title: Capital Flows and Investment Flows in Argentina by Roberto Frenkel, Jose Maria Fanelli and Carlos Bonvecchi; title: Capital Flows and Brazilian Economic Performance by Dionisio Dias Carneiro; title: Capital Inflows and Investment Performance: Chile in the 1990s by Manuel R. Agosin; title: Capital Flows, Savings, and Investment in Colombia, 1990-1996 by Jose Antonio Ocampo and Camilo Tovar; title: Capital Inflows and Investment Performance: Mexico by Ignacio Trigueros; title: Capital Flows and Investment Performance: The Case of Peru by Stephany Griffith-Jones with Ana Marr