Author/Editor: Jorge Iván Canales Kriljenko, Cem Karacadag, Roberto Pereira Guimarães, Shogo Ishii.

Release Date:March, 2006

Despite increasing exchange rate flexibility, central banks in emerging markets still intervene in their foreign exchange markets for several reasons. In doing so, they face many operational more...

Author/Editor: Shogo Ishii, David Andrew.

Release Date:December, 1995

This paper reviews developments in private capital flows to developing countries since the Mexican financial crisis in December 1994. The paper points out that a strong recovery in these flows masks more...