Sterilizing capital inflows / Jang-Yung Lee.

By:

Yi, Chang-yŏng, 1955- [author.]

Contributor(s):

International Monetary Fund [issuing body.]

Material type: Text

TextSeries: Economic issues (International Monetary Fund) ; 7.Publisher: Washington, D.C. : International Monetary Fund, 1997Copyright date: ©1997Description: 1 online resource (iii, 16 pages)Content type:

text

Media type:

computer

Carrier type:

online resource

ISBN:

9781455258758
145525875X

Subject(s): Genre/Form:

Additional physical formats: Print version:: Sterilizing capital inflows.DDC classification:

332.042091724 22

LOC classification:

HF1351 .E33 v.7eb

Other classification:

QM 350
ZB 50200

Online resources:

Click here to access online

Action note:

digitized 2010 HathiTrust Digital Library committed to preserve

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.

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"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.

Print version record.

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.

Use copy Restrictions unspecified star MiAaHDL

Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL

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. MiAaHDL