Sterilization of Money Inflows : Difficult (Calvo) or Easy (Reisen)?

Difficult (Calvo) or Easy (Reisen)?

Sterilization of Money Inflows : Difficult (Calvo) or Easy (Reisen)?
Some countries undergoing exchange-rate-based stabilization and financial liberalization in Latin America, Asia and elsewhere have faced large capital inflows since 1991. Many have tried to sterilize the reserve inflows. Calvo, Leiderman, and Reinhart argue essentially that sterilization is more difficult than generally realized, due to the... READ MORE...

Publication date: December 1994
ISBN 9781451857627
$15.00

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