Das Gupta, Dipak
[Author]
;
Ratha, Dilip
[Other]World Bank Development Prospects Group,
World Bank Middle East and North Africa Region Social and Economic Development Group
What factors appear to drive private capital flows to developing countries?
Footnote:
"July 2000"--Cover
Includes bibliographical references (p. 18)
Description:
Private portfolio flows to a country tend to rise in response to an increase in the current account deficit, a rise in foreign direct investment flows, higher per capita income, and growth performance. The most important determinant of official lending to a developing country seems to be the external current account balance or a change in international reserves in the country