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: Free Full text (PDF file size is 1,506KB).
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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.
Subject(s): Capital flows | Sub-Saharan Africa | Macroprudential Policy | Monetary policy | Cross country analysis

Publication Date: March 26, 2014
ISBN/ISSN: 9781616358440 Format: Paper
Stock No: MVCFEA Pages: 34
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