The Perils of Sterilization

Preprint

1 March 1990

preprint
Published by Elsevier in SSRN Electronic Journal

https://doi.org/10.2139/ssrn.884593

Abstract

The paper argues that the sterilization of capital inflows at the start of a price-stabilization program may give rise to future pressures to discontinue the program as a result of the unduly high debt-service burden that the sterilization policy may generate.

Keywords

SSRN
THE PERILS OF STERILIZATION
GUILLERMO A. CALVO

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