caa a22 4500 397559194 CHVBK 20180308164812.0 cr unu---uuuuu 161202e199601 xx s 000 0 eng 10.1093/wber/10.1.51 doi (NATIONALLICENCE)oxford-10.1093/wber/10.1.51 The Surge in Capital Inflows to Developing Countries: An Analytical Overview [Elektronische Daten] [Eduardo Fernández-Arias, Peter J. Montiel] After being excluded from world capital markets during the debt crisis, many developing countries have experienced large capital inflows during the past five years. The challenges that these inflows pose for domestic policy in recipient countries have generated a substantial literature. This article presents an overview of that literature, describing the characteristics of the new inflows, analyzing the policy issues they raise, assessing their causes and likely sustainability, and evaluating potential policy responses. The desirable policy response is tied to characteristics of the flows themselves as well as to the characteristics of the recipient economy. © 1996 The International Bank for Reconstruction and Development / THE WORLD BANK Articles nationallicence Fernández-Arias Eduardo aut Montiel Peter J. aut The World Bank Economic Review Oxford University Press 10/1(1996-01), 51-77 0258-6770 10:1<51 1996 10 wber https://doi.org/10.1093/wber/10.1.51 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1093/wber/10.1.51 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Fernández-Arias Eduardo aut NATIONALLICENCE 700 1- Montiel Peter J. aut NATIONALLICENCE 773 0- The World Bank Economic Review Oxford University Press 10/1(1996-01), 51-77 0258-6770 10:1<51 1996 10 wber Metadata rights reserved CC BY-NC-4.0 http://creativecommons.org/licenses/by-nc/4.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-oxford