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By Valeriano F. Garcia

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1993. S. " In Portfolio Investment in Developing Countries, 200220. World Bank Discussion Paper 228, edited by Stijn Claessens and Sudarshan Gooptu. : World Bank. Williamson, John. 1993. " In Portfolio Investment in Developing Countries, 1117. World Bank Discussion Paper 228, edited by Stijn Claessens and Sudarshan Gooptu. : World Bank. World Bank, 1994. World Debt Tables: External Finance for Developing Countries, vol. 1, Analysis and Summary Tables. : World Bank. World Bank Latin American and Caribbean Studies Viewpoints Series Latin America after Mexico: Quickening the Pace by Shahid Javed Burki and Sebastian Edwards Poverty, Inequality, and Human Capital Development in Latin America, 19502025 by Juan Luis Londoño available in English and Spanish Pobreza, desigualdad y formación del capital humano en América Latina, 19502025 Juan Luis Londoño Dismantling the Populist State: the Unfinished Revolution in Latin America and the Caribbean by Shahid Javed Burki and Sebastian Edwards Decentralization in Latin America: Learning through Experience by George E.

Crisis and Reform in Latin America: From Despair to Hope. New York: Oxford University Press. El−rian, Mohamed. 1992. "Restoration of Access to Voluntary Capital Market Financing: The Recent Latin American Experience" International Monetary Fund Staff Paper 39 (1). Fernandez, Roque and Liliana Schumacher. 1997. " In Preventing Banking Sector Distress and Crisis, proceedings of a World Bank conference, edited by S. Bery and V. Garcia. : World Bank. Fernandez−Arias, Eduardo. 1994. " Policy Research Working Paper 1312.

8. Here we are considering a one−shot capital inflow. If the capital inflow continues at the same constant rate, all things being equal, the current account deficit also will continue at the same pace, and the initial change in the international reserves of the central bank will remain constant. 9. In the case of Argentina, the current account deficit financed a large share of new, imported, capital goods. 10. Argentina in 1979 had a tablita that was a pre−announced path of the nominal exchange rate.

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