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Pt. 1. The macroeconomics of capital flows to Latin America, experience and policy issues / Michael Gavin, Ricardo Hausmann, and Leonardo Leiderman. Commentary / Michael Bruno ... [et al.]. Conclusion to Part 1 / Jacob Frenkel -- Pt. 2. Achieving stability in Latin American financial markets in...
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The high volatility of economic growth and financial markets in emerging market economies following large swings in … volatility. We find that FDI and foreign bank loans are positively associated with unexpected GDP growth on a contemporaneous … basis, while increases in foreign bond and equity investment induce lower GDP growth than expected in the following year.Volatility …
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flexible exchange rates as a shock absorber. But flexible exchange rates may not offer full insulation when financial markets …
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