TY  - BOOK
AU  - Williamson, John
TI  - Issues regarding the composition of capital flows
PY  - 2001///
N2  - Considers the composition of capital flows to developing countries.  Argues that accessing FDI, portfolio equity or long-term loans, as opposed to short-term loans, is well worth the additional cost, because of advantages in terms of risk-sharing, access to intellectual property, impact on investment, and lesser vulnerability to capital flow reversal.  Discusses the extent to which authorities control appropriate policy levers and concludes with a brief look at the composition of capital outflows from developing countries
ER  -