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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/2571| Title: | Too much, too little, or too volatile? : International capital flows to developing countries in the 1990s |
| Keywords: | F21 F32 G15 ddc:330 international capital markets developing countries debt equity investment sovereign risk volatility Internationale Kapitalmobilität Kapitalimport Auslandsverschuldung Volatilität Direktinvestition Länderrisiko Entwicklungsländer |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Kiel Institute for the World Economy (IfW) Kiel |
| Description: | Developing countries are constrained in financing current account deficits as real capital mobility is still far from perfect. At the same time, capital flows to these countries proved to be extremely volatile. The paper argues that the long-term problem of "too little" should not be confused with the short-term problem of "too volatile". The former is related to sovereign risk, which may be difficult to overcome. The latter could be kept within limits by financial restructuring towards relatively stable types of capital flows. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/2571 |
| Other Identifiers: | http://hdl.handle.net/10419/2571 ppn:329087029 ppn:329087029 |
| Appears in Collections: | EconStor |
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