Capital Flows, the Current Account, and the Real Exchange Rate: Some Consequences of Stabilization and Liberalization

Maurice Obstfeld, Economic Adjustment and Exchange Rates in Developing Countries (University of Chicago Press, 1986), chap. 6, https://www.nber.org/books-and-chapters/economic-adjustment-and-exchange-rates-developing-countries/capital-flows-current-account-and-real-exchange-rate-some-consequences-stabilization-and.