Challenges Related to Capital Flows: Latin American Perspectives

Abstract

This BIS Paper (No. 68) is a collection of essays focusing on the drivers and effects of capital flows and the challenges they pose for the implementation of monetary and other policies. The collection draws on selected presentations made at the BIS-sponsored sessions at the Latin American and Caribbean Economic Association (LACEA) meetings in 2010 in Medellín, Colombia and in 2011 in Santiago, Chile.

While the full publication can be downloaded using the above link, individual contributions are available separately:

Introduction Challenges Related to Capital Flows: Latin American Perspectives. Global Factors and Monetary Policy in Emerging Economies.

Living with Capital Inflows.

Challenges for Emerging Market Economies.

Lessons on the 'Impossible Trinity.'

Capital Controls: What Have We Learned?

Keywords: Capital flows, inflation targeting, financial stability, monetary policy, macroprudential policies, exchange rates, foreign reserves, BIS, LACEA

JEL Classification: E52, E58, F31, F32, F41, G28