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Are private capital flows to developing countries sustainable? (English)

The remarkable surge in private capital flow to developing countries since 1990 has greatly facilitated their rapid growth, at a time when OECD countries have been in, or passed through, recession. The importance of these flows to the current account of several large developing countries has caused concern about their sustainability, especially if international interest rates continue rising. The form of these flows, and their source - investors rather...
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Dadush,Uri B.; Dhareshwar,Ashok M.; Johannes,Ronald L..

Are private capital flows to developing countries sustainable? (English). Policy, Research working paper ; no. WPS 1397 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/238331468780274185

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