Capital inflows, policy responses, and their adverse effects: Thailand, Malaysia, and Indonesia in the decade before the crisis

Capital inflows, especially when volatile and in foreign currencies, lead to macroeconomic and financial fragilities in the recipient economy. There is no consensus on which policies are best for tackling these problems. In this study, we try to find a unique criterion (a unifying lens) with which...

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Detalles Bibliográficos
Autor principal: Clara García
Formato: Artículo científico
Publicado: Universidad Nacional Autónoma de México 2007
Materias:
Economía y Finanzas
South East Asia
capital inflows
economic policy
financial fragility
Acceso en línea:http://www.redalyc.org/articulo.oa?id=11820155002
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-030&d=11820155002oai
Aporte de:
Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO) de Consejo Latinoamericano de Ciencias Sociales
id I16-R122-11820155002oai
record_format dspace
institution Consejo Latinoamericano de Ciencias Sociales
institution_str I-16
repository_str R-122
collection Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO)
topic Economía y Finanzas
South East Asia
capital inflows
economic policy
financial fragility
spellingShingle Economía y Finanzas
South East Asia
capital inflows
economic policy
financial fragility
Clara García
Capital inflows, policy responses, and their adverse effects: Thailand, Malaysia, and Indonesia in the decade before the crisis
topic_facet Economía y Finanzas
South East Asia
capital inflows
economic policy
financial fragility
description Capital inflows, especially when volatile and in foreign currencies, lead to macroeconomic and financial fragilities in the recipient economy. There is no consensus on which policies are best for tackling these problems. In this study, we try to find a unique criterion (a unifying lens) with which to assess the various policy alternatives for the cases where capital inflows -have been the result of stabilization and liberalization, the policies that might be most effective are those that depart from the stabilization and liberalization trend (i.e. capital controls, adjustments to currency regimes, or strengthened financial regulations). We support this idea with both theoretical arguments and case studies of Thailand, Malaysia, and Indonesia in the years prior to the 1997-1998 crises.
format Artículo científico
Artículo científico
author Clara García
author_facet Clara García
author_sort Clara García
title Capital inflows, policy responses, and their adverse effects: Thailand, Malaysia, and Indonesia in the decade before the crisis
title_short Capital inflows, policy responses, and their adverse effects: Thailand, Malaysia, and Indonesia in the decade before the crisis
title_full Capital inflows, policy responses, and their adverse effects: Thailand, Malaysia, and Indonesia in the decade before the crisis
title_fullStr Capital inflows, policy responses, and their adverse effects: Thailand, Malaysia, and Indonesia in the decade before the crisis
title_full_unstemmed Capital inflows, policy responses, and their adverse effects: Thailand, Malaysia, and Indonesia in the decade before the crisis
title_sort capital inflows, policy responses, and their adverse effects: thailand, malaysia, and indonesia in the decade before the crisis
publisher Universidad Nacional Autónoma de México
publishDate 2007
url http://www.redalyc.org/articulo.oa?id=11820155002
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-030&d=11820155002oai
work_keys_str_mv AT claragarcia capitalinflowspolicyresponsesandtheiradverseeffectsthailandmalaysiaandindonesiainthedecadebeforethecrisis
bdutipo_str Repositorios
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