Capital Inflows and Policy Responses in the AsEAN Region

Capital Inflows and Policy Responses in the AsEAN Region
By:Ms. Linda M. Koenig
Published on 1996-04-01 by International Monetary Fund

This paper reviews the experience of four ASEAN countries in dealing with an unprecedently strong influx of foreign capital in the late 1980s and early 1990s. While there was some increase in inflation associated with the inflows, it was relatively minor, and real exchange rates did not appreciate. Countries responded in the first instance by using open market operations for sterilized intervention. Subsequently, the fiscal stance was tightened. There was reluctance to allow nominal currency appreciation and, with one exception, controls on capital inflows were avoided.

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Book which was published by International Monetary Fund since 1996-04-01 have ISBNs, ISBN 13 Code is 9781452728100 and ISBN 10 Code is 1452728100

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