This paper evaluates the impact on developing countries of the prohibition of trade related investment measures ( TRIMs). The economic impact of implementing the TRIMs Agreement in GATT 1994, and more generally of liberalising investment measures, is likely to be negative and significant for...

This paper reports on trends and levels of capital inflows, and the volatility of such inflows, to a sample of 60 developing countries over the period from 1970 to 1997. The data cover aid and other development finance as the principal forms of official flows, FDI and other private flows, and...

The recent currency crises in Latin America and Asia have hit countries with strong macroeconomic fundamentals but weak domestic financial systems. Private capital flows, attracted by disorderly financial liberalisation and exchange rate pegs, reversed abruptly when financial-sector weaknesses...