The New Wave of Capital Inflows: Sea Change or Tide?

Inter-American Development Bank, Research Department Working Paper No. 415

49 Pages Posted: 29 Nov 2000

Multiple version iconThere are 2 versions of this paper

Date Written: April 2000

Abstract

Will capital inflows boom again in Latin America as countries recover from the 1998-99 recession? And will they bust again shortly thereafter repeating the cycle of the past? Is there something fundamentally different about the new wave of capital inflows to alter this historical pattern, a sea change in the way the region is financially linked to international capital markets? Or is nothing really new under the sun and will the new wave of capital inflows be just another tide, bringing in its wake a capital withdrawal and a financial market drought? This paper addresses these important issues, over which there is much controversy.

Keywords: foreign direct investment, capital inflows, financial crisis

JEL Classification: F37, F34, F21, G15

Suggested Citation

Fernandez-Arias, Eduardo, The New Wave of Capital Inflows: Sea Change or Tide? (April 2000). Inter-American Development Bank, Research Department Working Paper No. 415, Available at SSRN: https://ssrn.com/abstract=237456 or http://dx.doi.org/10.2139/ssrn.237456

Eduardo Fernandez-Arias (Contact Author)

Inter-American Development Bank (IDB) ( email )

1300 New York Avenue, NW
Research Department
Washington, DC 20577
United States
202-623-3783 (Phone)
202-623-2481 (Fax)

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