Title Sterilizing capital inflows / Jang-Yung Lee

Published Washington, D.C. : International Monetary Fund, 1997 ©1997

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Description 1 online resource (iii, 16 pages) Series Economic issues ; 7 Economic issues (International Monetary Fund) ; 7. Summary Developing countries fortunate enough to experience capital inflows have seen rising levels of investment and enhanced economic growth. Capital inflows have a negative side, however, in that they tend to appreciate the domestic currency, making exports less competitive, and to encourage inflation. One defense against these destabilizing effects is to sterilize capital inflows by reducing the domestic component of the monetary base through the various initiatives explained in this pamphlet Notes "Draws on material originally contained in IMF Working Paper 96/53 'Implications of a surge in capital inflows: available tools and consequences for the conduct of monetary policy, ' by Jang-Yung Lee"--Page iii "Published February 1997"--Title page verso Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL Print version record digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Subject Capital movements -- Developing countries Monetary policy -- Developing countries Investments, Foreign -- Developing countries Inflation (Finance) -- Developing countries Economic stabilization -- Developing countries Absorptive capacity (Economics) -- Developing countries BUSINESS & ECONOMICS -- Finance. Absorptive capacity (Economics) Capital movements Economic stabilization Inflation (Finance) Investments, Foreign Monetary policy Desenvolvimento econômico. Estabilização econômica. Inflação. Investimentos. Política monetária. Developing countries Form Electronic book Author International Monetary Fund, issuing body. ISBN 9781455258758 145525875X

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