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Managing Capital Inflows: What Tools to Use?

Author/Editor: Ghosh, Atish | Habermeier, Karl | Ostry, Jonathan | Chamon, Marcos | Laeven, Luc | Qureshi, Mahvash Saeed | Kokenyne, Annamaria
Electronic Access: Free Full Text (PDF file size is 960KB)
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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.
 
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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  
    Published:   April 5, 2011        
    ISBN/ISSN:   9781463926540   Format:   Paper
    Stock No:   SDNEA2011006   Pages:   41
    Price:   US$20.00        
English  
    Published:   April 5, 2011        
    ISBN/ISSN:   978-1-61635-076-5 / 2072-3202   Format:   A web quality merged PDF
    Stock No:   SDNET2011006   Pages:   41
    Price:   Free        
     
Academic Rate: US$20.00
Please address any questions about this title to publications@imf.org.