International capital flows to Latin America

cepal.bibLevelDocumento Completo
cepal.callNumberINT UN/EC 20(55/2000)
cepal.callNumberLC/L.1351
cepal.divisionEngEconomic Development Division
cepal.divisionSpaDivisión de Desarrollo Económico
cepal.docTypeSeries
cepal.idSade4577
cepal.jobNumberS2000560 E
cepal.physicalDescriptiondiagramas, tablas
cepal.projectProyecto Crecimiento, Empleo y Equidad: América Latina en los Años Noventa HOL/97/6034
cepal.regionalOfficeSantiago
cepal.topicEngINVESTMENT
cepal.topicEngFOREIGN DIRECT INVESTMENT
cepal.topicEngFINANCIAL AND MONETARY SECTOR
cepal.topicSpaINVERSIÓN
cepal.topicSpaINVERSIÓN EXTRANJERA DIRECTA
cepal.topicSpaSECTOR FINANCIERO Y MONETARIO
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaEngSTATISTICS
cepal.workareaSpaDESARROLLO ECONÓMICO
cepal.workareaSpaESTADÍSTICAS
dc.contributor.authorGriffith-Jones, Stephany
dc.contributor.entityNU. CEPAL
dc.contributor.entityNU. CEPAL. División de Desarrollo Económico
dc.contributor.entityPaíses Bajos. Gobierno
dc.coverage.spatialEngLATIN AMERICA
dc.coverage.spatialSpaAMERICA LATINA
dc.date.accessioned2014-01-02T16:50:12Z
dc.date.available2014-01-02T16:50:12Z
dc.date.issued2000-03
dc.descriptionIncludes bibliography
dc.description.abstractSummary Capital flows returned to the Latin American in the 1990s after nearly a decade-long of the so-called debt crisis that featured a negative transfer of resources. These new capital flows were closely related to the economic reform process in the region. On the one hand, the reforms were a source of attraction for foreign investors. On the other hand, they helped the reforms succeed by relieving the external constraint that depressed growth during the 1980s. Nevertheless, the new inflows also created problems. While average inflows in the 1990s were very similar to the amounts received before the debt crisis, their volatility was much greater. This volatility was the source of serious problems for the region, since the reversion of flows when investors lost confidence led to deep recessions. Given this problem of volatility, foreign direct investment - which tends to be more stable as well as to be accompanied by other benefits, such as access to technology and markets - came to be particularly valued in recent years. This was in contrast to short-term portfolio flows, which embodied the volatility problem.It will be important in the future for governments and international bodies to design policies to limit the volatility of short-term flows and to encourage long-term capital.
dc.formatTexto
dc.format.extent30 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/L.1351
dc.identifier.urihttps://hdl.handle.net/11362/7536
dc.language.isoeng
dc.physicalDescription30 p. : diagrs., tabls.
dc.publisherECLAC
dc.publisher.placeSantiago
dc.relation.isPartOfSeriesSerie Reformas Económicas
dc.relation.isPartOfSeriesNo55
dc.rights.coarDisponible
dc.subject.unbisEngCAPITAL MOVEMENTS
dc.subject.unbisEngECONOMIC GROWTH
dc.subject.unbisEngFOREIGN INVESTMENTS
dc.subject.unbisEngFOREIGN LOANS
dc.subject.unbisEngINVESTMENTS
dc.subject.unbisEngMONETARY SYSTEMS
dc.subject.unbisEngFINANCIAL RESOURCES
dc.subject.unbisSpaCRECIMIENTO ECONOMICO
dc.subject.unbisSpaINVERSIONES EXTRANJERAS
dc.subject.unbisSpaINVERSIONES
dc.subject.unbisSpaMOVIMIENTOS DE CAPITAL
dc.subject.unbisSpaPRESTAMOS EXTRANJEROS
dc.subject.unbisSpaSISTEMAS MONETARIOS
dc.subject.unbisSpaRECURSOS FINANCIEROS
dc.titleInternational capital flows to Latin America
dc.type.coarlibro
dspace.entity.typePublication
relation.isAuthorOfPublication85a501c7-f546-492b-a9e5-f4c0aa8b1a43
relation.isAuthorOfPublication.latestForDiscovery85a501c7-f546-492b-a9e5-f4c0aa8b1a43
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