Abstract

RHENALS, Remberto  and  TORRES, Alejandro. Capital Flows volatility to Developing Countries: Evidence for Latin America, 1970-2002. Lect. Econ. [online]. 2007, n.67, pp.09-41. ISSN 0120-2596.

Capital inflows dynamics towards developing countries during the last decades again has posited in the center of the debate the discussion on its benefits and costs. The objective of this work is to analyze the behavior of capital flows over 1970 and 2002, their volatility and effects on the Latin American macroeconomic performance. Volatility is measured by means of the variation coefficient, which is calculated in two forms. The results show that the volatility of capital inflows and the regional growth seem not to have increased, in spite of the very importance private flows acquired since the beginning of nineties.

Keywords : : Capital Flows; Latin America; Developing Countries; Volatility; Pull Factors; Push Factors.

        · abstract in Spanish | French     · text in Spanish     · Spanish ( pdf )