Capital inflow into developing economies: A macroeconomic study

Arbeitspapier

External capital inflow on a massive scale into the emerging market economies is a very significant phenomenon of recent years. Making distinctions between direct investment, real and financial, and portfolio investment and incorporating crowding in or crowding out effects we derive some results about the impact of higher inflow on output, investment and the exchange rare. A formula is suggested for estimating the cost of central bank intervention.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ISER Discussion Paper ; No. 725

Classification and Topics

• Classification: Wirtschaft ; General Aggregative Models: Keynes; Keynesian; Post-Keynesian ; Current Account Adjustment; Short-term Capital Movements ; Open Economy Macroeconomics
• Subject: Foreign direct investment ; Foreign portfolio investment ; Foreign reserves ; Flexible exchange rate

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Sikdar, Soumyen
• Event: Veröffentlichung
• (who): Osaka University, Institute of Social and Economic Research (ISER)
• (where): Osaka
• (when): 2008

Further information

• Handle: http://hdl.handle.net/10419/92681
• Last update: 10.03.2025, 11:45 AM CET