Series: IMF Working Papers
Author(s): Jeffrey Frankel
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 1994
Keywords: capital mobility, central bank, capital inflows, capital inflow, money supply
Some countries undergoing exchange-rate-based stabilization and financial liberalization in Latin America, Asia and elsewhere have faced large capital inflows since 1991. Many have tried to sterilize the reserve in...