Limit search to available items
Book Cover
Author Koenig, Linda M.

Title Capital inflows and policy responses in the ASEAN region / prepared by Linda M. Koenig
Published [Washington, D.C.] : International Monetary Fund, [1996]
Online access available from:
IMF eLibrary    View Resource Record  


Description 1 online resource (50 pages) : illustrations
Series IMF working paper ; WP/96/25
IMF working paper ; WP/96/25
Summary Annotation 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
Bibliography Includes bibliographical references (pages 48-50)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Capital movements -- Southeast Asia.
Investments, Foreign -- Southeast Asia.
Asia, Southeastern -- Economic policy.
Form Electronic book
Author International Monetary Fund. Southeast Asia and Pacific Department.
ISBN 1281089958