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Foreign capital inflows and macroeconomic policies
- Source: CEPAL Review, Volume 1994, Issue 53, Aug 1994, p. 13 - 29
- Spanish
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- 18 Aug 1994
Abstract
In recent years, a number of countries of the region have gained renewed access to international financial markets, thus passing abruptly from a situation of relative scarcity of external resources to one of abundance. This situation has given rise to considerable pressures on certain key variables of their economies, especially the real exchange rate and interest rates.
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