Dealing with large and volatile capital flows and the role of the IMF

Bericht

The last decade has been characterised by the pronounced volatility of capital flows. While cross-border capital flows can have many benefits for both advanced and emerging market economies, they may also carry risks, which require appropriate policy responses. Disentangling the push from the pull factors driving capital flows is key to designing appropriate policies to deal with them. Strong institutions, sound fundamentals and a large domestic investor base tend to shield economies from adverse global conditions and attract less volatile types of capital. However, when the policy space for using traditional macroeconomic policies is limited, countries may also turn to macroprudential and capital flow management policies in a pragmatic manner. The IMF can play an important role in helping countries to deal with capital flows, through its surveillance and lending policy and through international cooperation.

Angaben zum Objekt

• ISBN: 978-92-899-2485-6
• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: ECB Occasional Paper ; No. 180

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Current Account Adjustment; Short-term Capital Movements ; International Financial Policy: Financial Transactions Tax; Capital Controls ; International Policy Coordination and Transmission ; Economic Impacts of Globalization: Finance ; Financial Institutions and Services: Government Policy and Regulation
• Thema: capital flow management ; capital flows ; IMF ; international cooperation

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): L´Hotellerie-Fallois, Pilar ; Moreno, Pablo ; Balteanu, Irina ; Beirne, John ; Brüggemann, Axel ; Bussière, Matthieu ; Estrada, Ángel ; Frost, Jon ; Herzberg, Valerie ; Metzemakers, Paul ; Reinhardt, Dennis ; Broos, Menno ; Ghalanos, Michalis ; Kennedy, Bernard ; Landbeck, Alexander ; Lerner, Christina ; Menezes, Paula ; Schiavone, Alessandro ; Tilley, Thomas
• Ereignis: Veröffentlichung
• (wer): European Central Bank (ECB)
• (wo): Frankfurt a. M.
• (wann): 2016

Weitere Informationen

• DOI: doi:10.2866/017330
• Handle: http://hdl.handle.net/10419/154633
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ