Consequences & Management
of Capital Inflows: Lessons for
Sub-Saharan Africa

By Guillermo Calvo & Carmen Reinhart
December 1998
Almqvist & Wiksell
ISBN: 91-22-01821-2
44 pages, illustrated
$22.00 paperback

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This study analyzes the role of domestic macroeconomic policies in attracting capital flows in Sub-Saharan Africa, compared to Asia and Latin America. The authors examine the monetary consequences of capital inflows and the role of banks, exchange rate management issues, current account sustainability, and the links between equity market structure and capital flows.

African Studies; Economics
Expert Group on Development Issues, 1998:2

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