"Remember the past, but build for the future" : address to the Rwandan National Assembly, Kigali, Rwanda -- Rich, poor should join hands for sustainable development -- A time to act : address to the board of governors at the annual meetings of the World Bank and the International Monetary Fund,...

This paper explores the experience of six countries (Chile, Colombia, Egypt, Mexico, Spain and Thailand) with capital inflows. It illustrates that although capital inflows are usually beneficial, too great an inflow can become a problem and make it difficult for authorities to choose the...