Managing Volatile Capital Flows: Experiences and Lessons for Sub-Saharan African Frontier Markets

Author/Editor:

Cheikh A. Gueye ; Javier Arze del Granado ; Rodrigo Garcia-Verdu ; Mumtaz Hussain ; B. Jang ; Sebastian Weber ; Juan S Corrales

Publication Date:

March 26, 2014

Electronic Access:

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Disclaimer: The views expressed herein are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary:

During the past three years the frontier markets of sub-Saharan Africa have received growing amounts of portfolio capital flows, with heightened interest from foreign investors. Compared with foreign direct investment, portfolio capital flows tend to be more volatile, and thus pose challenges for sub-Saharan African frontier markets. This study examines the evolution of capital flows since 2010 and discusses the policies these countries have designed to reduce risks from the inherent volatility of these flows.

Series:

Departmental Paper No. 2014/002

Subject:

English

Publication Date:

March 26, 2014

ISBN/ISSN:

9781616358440/2616-5333

Stock No:

MVCFEA

Pages:

39

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