Inflows of capital to developing countries in the 1990s
Article Abstract:
The surge of capital inflows to developing countries in the 1990s has invalidated numerous theoretical economic models. While foreign capital stimulates economic growth, tight fiscal policies are needed to tackle the adverse macroeconomic impact of large capital inflows. The Mexican crisis of 1994 demonstrates the vulnerability of developing economies to sudden reversals in capital inflows. Strong macroeconomic management policies such as those implemented in Malaysia are needed to counter the negative effects of large capital inflows to developing countries.
Publication Name: Journal of Economic Perspectives
Subject: Economics
ISSN: 0895-3309
Year: 1996
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Inflation targeting: a new framework for monetary policy?
Article Abstract:
Inflation targeting is a new framework for monetary policy which has triggered debate and interest among monetary economists and central bankers. The approach is characterized by officially announcing target ranges for the inflation rate taken from one or more horizons. Although not yet fully established, preliminary assessment reveals that through the framework's implementation, more reliable and coherent policymaking can be achieved and accountability can be increased.
Publication Name: Journal of Economic Perspectives
Subject: Economics
ISSN: 0895-3309
Year: 1997
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The mirage of exchange rate regimes for emerging market countries
Article Abstract:
Number of emerging market countries like Argentina, Turkey, Ecuador, Russia, east Asia, Mexico and Chile have experienced devastating financial crises and macroeconomic turbulence. Several interesting hypotheses about how fixed or floating exchange rate regimes may improve financial institutions are proposed.
Publication Name: Journal of Economic Perspectives
Subject: Economics
ISSN: 0895-3309
Year: 2003
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