Coping with Capital Surges: The Return of Finance to Latin America

Published on 1 January 1995

Private capital flows to Latin America have increased dramatically since 1989, approximately doubling in volume each year. This book examines the possible causes and consequences of this new, unforeseen investment, from both the borrower and the lender perspectives. An important theme of the book is that, while the return of private capital flows is to be welcomed, the mutual benefits will be sustainable only if governments in both source and recipient countries monitor and supervise the flows effectively, and if the recipient countries employ adequate macroeconomic measures.

Publication details

Ffrench-Davis, R. and Griffith-Jones, S.
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