Portfolio Capital Flows: Not an unmitigated blessing. A literature survey

This paper is a literature survey on capital flows to developing countries. It analyzes the characteristics of the different components of capital flows. It also focuses on the factors, internal and external, that make capital flow into developing countries, as well as on the consequences of these f...

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Autores:
Cecilia Maya Ochoa
Tipo de recurso:
Fecha de publicación:
2019
Institución:
Universidad EAFIT
Repositorio:
Repositorio EAFIT
Idioma:
eng
OAI Identifier:
oai:repository.eafit.edu.co:10784/14118
Acceso en línea:
http://hdl.handle.net/10784/14118
Palabra clave:
Capital Flows
Portfolio Investment
Short-term Capital.
Rights
License
Copyright © 2002 Cecilia Maya Ochoa
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spelling Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees23/05/20022019-10-04T14:41:33Z23/05/20022019-10-04T14:41:33Z2256-43221692-0279http://hdl.handle.net/10784/14118This paper is a literature survey on capital flows to developing countries. It analyzes the characteristics of the different components of capital flows. It also focuses on the factors, internal and external, that make capital flow into developing countries, as well as on the consequences of these flows -and their reversals- on the health of the recipient economies. Finally, it surveys the policies that have been implemented to handle them in search for the most recommendable ones. Its main conclusion is that capital inflows play a very important role for developing countries by being an alternative for these economies to undergo a path of growth, a possibility that otherwise will be undermined by the lack of sufficient domestic savings. However, there is a large number of risks associated with capital inflows which are magnified by the fact that capital-importing countries usually do not have neither adequate institutions, deep financial markets, strong banking systems, nor enough macroeconomic expertise. All these factors put together make capital inflows to developing countries “notan unmitigated blessing”text/htmlengUniversidad EAFIThttp://publicaciones.eafit.edu.co/index.php/administer/article/view/668http://publicaciones.eafit.edu.co/index.php/administer/article/view/668Copyright © 2002 Cecilia Maya OchoaAcceso abiertohttp://purl.org/coar/access_right/c_abf2instname:Universidad EAFITreponame:Repositorio Institucional Universidad EAFITAD-minister: No 01 (2002)Portfolio Capital Flows: Not an unmitigated blessing. A literature surveyarticleinfo:eu-repo/semantics/articlepublishedVersioninfo:eu-repo/semantics/publishedVersionArtículohttp://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1Capital FlowsPortfolio InvestmentShort-term Capital.Cecilia Maya OchoaUniversidad EAFITAD-minister13948THUMBNAILminiatura-administer.jpgminiatura-administer.jpgimage/jpeg8755https://repository.eafit.edu.co/bitstreams/b9f0bfbd-bee4-4c6d-8458-891d9bcefdc7/download87c28d32b620f3408b1c70a3c505fbd8MD53ORIGINALPortfolio Capital FlowsNot an unmitigated blessing. A literature survey..pdfPortfolio Capital FlowsNot an unmitigated blessing. A literature survey..pdfTexto completo PDFapplication/pdf165720https://repository.eafit.edu.co/bitstreams/cdf07735-52c3-43f1-a648-6a2aaf940cb7/downloadd3976e8167f9be56a6c4c4367ae86101MD51articulo.htmlarticulo.htmlTexto completo HTMLtext/html373https://repository.eafit.edu.co/bitstreams/01673422-5a86-4bb8-b2e7-bd0b09f02a0f/download91d9386860268274f26a6b5b90b42146MD5210784/14118oai:repository.eafit.edu.co:10784/141182019-11-27 10:09:04.908open.accesshttps://repository.eafit.edu.coRepositorio Institucional Universidad EAFITrepositorio@eafit.edu.co
dc.title.eng.fl_str_mv Portfolio Capital Flows: Not an unmitigated blessing. A literature survey
title Portfolio Capital Flows: Not an unmitigated blessing. A literature survey
spellingShingle Portfolio Capital Flows: Not an unmitigated blessing. A literature survey
Capital Flows
Portfolio Investment
Short-term Capital.
title_short Portfolio Capital Flows: Not an unmitigated blessing. A literature survey
title_full Portfolio Capital Flows: Not an unmitigated blessing. A literature survey
title_fullStr Portfolio Capital Flows: Not an unmitigated blessing. A literature survey
title_full_unstemmed Portfolio Capital Flows: Not an unmitigated blessing. A literature survey
title_sort Portfolio Capital Flows: Not an unmitigated blessing. A literature survey
dc.creator.fl_str_mv Cecilia Maya Ochoa
dc.contributor.author.spa.fl_str_mv Cecilia Maya Ochoa
dc.contributor.affiliation.spa.fl_str_mv Universidad EAFIT
dc.subject.keyword.eng.fl_str_mv Capital Flows
Portfolio Investment
Short-term Capital.
topic Capital Flows
Portfolio Investment
Short-term Capital.
description This paper is a literature survey on capital flows to developing countries. It analyzes the characteristics of the different components of capital flows. It also focuses on the factors, internal and external, that make capital flow into developing countries, as well as on the consequences of these flows -and their reversals- on the health of the recipient economies. Finally, it surveys the policies that have been implemented to handle them in search for the most recommendable ones. Its main conclusion is that capital inflows play a very important role for developing countries by being an alternative for these economies to undergo a path of growth, a possibility that otherwise will be undermined by the lack of sufficient domestic savings. However, there is a large number of risks associated with capital inflows which are magnified by the fact that capital-importing countries usually do not have neither adequate institutions, deep financial markets, strong banking systems, nor enough macroeconomic expertise. All these factors put together make capital inflows to developing countries “notan unmitigated blessing”
publishDate 2019
dc.date.available.none.fl_str_mv 2019-10-04T14:41:33Z
dc.date.accessioned.none.fl_str_mv 2019-10-04T14:41:33Z
dc.date.issued.none.fl_str_mv 23/05/2002
dc.date.none.fl_str_mv 23/05/2002
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1692-0279
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dc.relation.uri.none.fl_str_mv http://publicaciones.eafit.edu.co/index.php/administer/article/view/668
dc.rights.eng.fl_str_mv Copyright © 2002 Cecilia Maya Ochoa
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Acceso abierto
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dc.coverage.spatial.eng.fl_str_mv Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees
dc.publisher.spa.fl_str_mv Universidad EAFIT
dc.source.none.fl_str_mv instname:Universidad EAFIT
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dc.source.spa.fl_str_mv AD-minister: No 01 (2002)
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