Managing Capital Inflows: What Tools to Use?

 
Author/Editor: Ghosh, Atish ; Habermeier, Karl ; Ostry, Jonathan ; Chamon, Marcos ; Laeven, Luc ; Qureshi, Mahvash Saeed ; Kokenyne, Annamaria
 
Publication Date: April 05, 2011
 
Electronic Access: Free Full text (PDF file size is 937KB).
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Summary: A staff policy note on the above topic is under preparation, and the target delivery date is December 2010. The note will look at a number of issues, including: possible tensions between the prudential case for capital controls and the macroeconomic case; the role of capital controls and other prudential regulations in limiting the risks associated with the boom-bust cycle in capital flows (and the nature of policy prescriptions as a function of the underlying risks facing the economy—credit risk, currency risk, excessive foreign borrowing either directly from abroad or by the banking system—and institutional/administrative constraints); and design of capital controls themselves (taxes, URRs, quantitative restrictions) as a function of country characteristics.
 
Series: Staff Discussion Notes No. 11/6
Subject(s): Capital inflows | Capital controls | Debt sustainability | Financial stability | Macroprudential Policy

Author's Keyword(s): Capital inflows | capital controls | prudential tools
 
English
Publication Date: April 05, 2011
ISBN/ISSN: 9781463926540 Format: Paper
Stock No: SDNEA2011006 Pages: 41
Price:
US$20.00 (Academic Rate:
US$20.00 )
 
 
English
Publication Date: April 05, 2011
ISBN/ISSN: 978-1-61635-076-5 / 2072-3202 Format: A web quality merged PDF
Stock No: SDNET2011006 Pages: 41
Price:
Free
 
 
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