Arbeitspapier
Too much, too little, or too volatile? International capital flows to developing countries in the 1990s
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.
- Sprache
-
Englisch
- Erschienen in
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Series: Kiel Working Paper ; No. 1036
- Klassifikation
-
Wirtschaft
International Investment; Long-term Capital Movements
Current Account Adjustment; Short-term Capital Movements
International Financial Markets
- Thema
-
developing countries
debt
equity investment
sovereign risk
volatility
international capital markets
Internationale Kapitalmobilität
Kapitalimport
Auslandsverschuldung
Volatilität
Direktinvestition
Länderrisiko
Entwicklungsländer
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Nunnenkamp, Peter
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute of World Economics (IfW)
- (wo)
-
Kiel
- (wann)
-
2001
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Nunnenkamp, Peter
- Kiel Institute of World Economics (IfW)
Entstanden
- 2001