A summary of the experiences of Chile and Colombia with unremunerated reserve requirements on capital flows during the 1990's

A summary of the experiences of Chile and Colombia with unremunerated reserve requirements on capital flows during the 1990's

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Main Authors: Titelman Kardonsky, Daniel, Vera, Cecilia
Format: Texto biblioteca
Language:English
Published: ECLAC 2009-12
Subjects:CAPITAL, MOVIMIENTOS DE CAPITAL, TIPOS DE CAMBIO, POLITICA MONETARIA, SISTEMAS MONETARIOS, RECURSOS FINANCIEROS, CAPITAL MOVEMENTS, FOREIGN EXCHANGE RATES, MONETARY POLICY, MONETARY SYSTEMS, FINANCIAL RESOURCES,
Online Access:https://hdl.handle.net/11362/5200
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spelling dig-cepal-11362-52002023-01-23T13:00:47Z A summary of the experiences of Chile and Colombia with unremunerated reserve requirements on capital flows during the 1990's Titelman Kardonsky, Daniel Vera, Cecilia CAPITAL MOVIMIENTOS DE CAPITAL TIPOS DE CAMBIO POLITICA MONETARIA SISTEMAS MONETARIOS RECURSOS FINANCIEROS CAPITAL CAPITAL MOVEMENTS FOREIGN EXCHANGE RATES MONETARY POLICY MONETARY SYSTEMS FINANCIAL RESOURCES Incluye Bibliografía Financial integration among countries entails a series of well-known benefits. On the one hand, net inflows of external savings can complement national savings within an economy and therefore raise productive investment and income. On the other hand, capital mobility provides opportunities for portfolio diversification and risk sharing between countries and this may enable investors-both firms and households of particular countries- to achieve higher risk-adjusted rates of return. This in turn could encourage increases in savings and investment and therefore deliver faster rates of growth (Eichengreen and Mussa, 1998). Despite these benefits however, there is also a growing consensus that the opening of the capital account has contributed to economic volatility, especially in emerging economies. Financial integration has frequently led these economies to "import" external financial instability, given the highly volatile nature international financial markets and the strong association between the cycles of capital flows and those of domestic economic activity (Ffrench-Davis, 2007). Hence, for developing countries, capital account volatility has become one of the major sources of real macroeconomic instability (Ocampo, 2008). In what refers to Latin America, private capital flows have indeed been a lasting source of economic instability due to their highly pro-cyclical nature (Figure 1). Moreover, according to Ffrench-Davis (2007) the transmission of financial volatility into the region has been a key factor behind its poor economic and social performance since the early 1990's. 2014-01-02T15:43:50Z 2014-01-02T15:43:50Z 2009-12 Texto Documento Completo 9789213233658 https://hdl.handle.net/11362/5200 LC/L.3145-P en Serie Financiamiento del Desarrollo 221 41 páginas. application/pdf CHILE COLOMBIA CHILE COLOMBIA ECLAC
institution CEPAL
collection DSpace
country Chile
countrycode CL
component Bibliográfico
access En linea
databasecode dig-cepal
tag biblioteca
region America del Sur
libraryname Biblioteca Hernán Santa Cruz
language English
topic CAPITAL
MOVIMIENTOS DE CAPITAL
TIPOS DE CAMBIO
POLITICA MONETARIA
SISTEMAS MONETARIOS
RECURSOS FINANCIEROS
CAPITAL
CAPITAL MOVEMENTS
FOREIGN EXCHANGE RATES
MONETARY POLICY
MONETARY SYSTEMS
FINANCIAL RESOURCES
CAPITAL
MOVIMIENTOS DE CAPITAL
TIPOS DE CAMBIO
POLITICA MONETARIA
SISTEMAS MONETARIOS
RECURSOS FINANCIEROS
CAPITAL
CAPITAL MOVEMENTS
FOREIGN EXCHANGE RATES
MONETARY POLICY
MONETARY SYSTEMS
FINANCIAL RESOURCES
spellingShingle CAPITAL
MOVIMIENTOS DE CAPITAL
TIPOS DE CAMBIO
POLITICA MONETARIA
SISTEMAS MONETARIOS
RECURSOS FINANCIEROS
CAPITAL
CAPITAL MOVEMENTS
FOREIGN EXCHANGE RATES
MONETARY POLICY
MONETARY SYSTEMS
FINANCIAL RESOURCES
CAPITAL
MOVIMIENTOS DE CAPITAL
TIPOS DE CAMBIO
POLITICA MONETARIA
SISTEMAS MONETARIOS
RECURSOS FINANCIEROS
CAPITAL
CAPITAL MOVEMENTS
FOREIGN EXCHANGE RATES
MONETARY POLICY
MONETARY SYSTEMS
FINANCIAL RESOURCES
Titelman Kardonsky, Daniel
Vera, Cecilia
A summary of the experiences of Chile and Colombia with unremunerated reserve requirements on capital flows during the 1990's
description Incluye Bibliografía
format Texto
topic_facet CAPITAL
MOVIMIENTOS DE CAPITAL
TIPOS DE CAMBIO
POLITICA MONETARIA
SISTEMAS MONETARIOS
RECURSOS FINANCIEROS
CAPITAL
CAPITAL MOVEMENTS
FOREIGN EXCHANGE RATES
MONETARY POLICY
MONETARY SYSTEMS
FINANCIAL RESOURCES
author Titelman Kardonsky, Daniel
Vera, Cecilia
author_facet Titelman Kardonsky, Daniel
Vera, Cecilia
author_sort Titelman Kardonsky, Daniel
title A summary of the experiences of Chile and Colombia with unremunerated reserve requirements on capital flows during the 1990's
title_short A summary of the experiences of Chile and Colombia with unremunerated reserve requirements on capital flows during the 1990's
title_full A summary of the experiences of Chile and Colombia with unremunerated reserve requirements on capital flows during the 1990's
title_fullStr A summary of the experiences of Chile and Colombia with unremunerated reserve requirements on capital flows during the 1990's
title_full_unstemmed A summary of the experiences of Chile and Colombia with unremunerated reserve requirements on capital flows during the 1990's
title_sort summary of the experiences of chile and colombia with unremunerated reserve requirements on capital flows during the 1990's
publisher ECLAC
publishDate 2009-12
url https://hdl.handle.net/11362/5200
work_keys_str_mv AT titelmankardonskydaniel asummaryoftheexperiencesofchileandcolombiawithunremuneratedreserverequirementsoncapitalflowsduringthe1990s
AT veracecilia asummaryoftheexperiencesofchileandcolombiawithunremuneratedreserverequirementsoncapitalflowsduringthe1990s
AT titelmankardonskydaniel summaryoftheexperiencesofchileandcolombiawithunremuneratedreserverequirementsoncapitalflowsduringthe1990s
AT veracecilia summaryoftheexperiencesofchileandcolombiawithunremuneratedreserverequirementsoncapitalflowsduringthe1990s
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