2 Private Capital Flows to Developing Countries

@inproceedings{2PC,
  title={2 Private Capital Flows to Developing Countries},
  author={}
}
    described a sharp fall in long-term financial flows to all developing countries in 1998, reflecting a sharp decline in capital market flows— bank loans, bonds, and portfolio equity flows—to these countries following the crises in East Asia and Russia. Amid uncertainty surrounding the outcome of Brazil's currency crisis, the report painted an uncertain near-term outlook for 1999, with a further decline in private capital flows likely as the credit ratings of many developing countries were… CONTINUE READING
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