Shocks and Capital Flows: Policy Responses in a Volatile World
Books, October 27, 2023
Source details
- Canonical URL
- Shocks and Capital Flows: Policy Responses in a Volatile World
Other formats
Bibliographic details
- Published: October 27, 2023
- Series: Books
- DOI: https://doi.org/10.5089/9798400211263.071
Overview and Purpose
- The book addresses high exposure of open economies to shocks, vulnerability to volatile capital flows, and advanced economy monetary policy spillovers.
- Central question: How should and do domestic policymakers respond when flexible exchange rates may not fully insulate economies due to imperfect financial markets?
- The volume provides empirical evidence that informed the recently launched Integrated Policy Framework by the IMF.
Structure and Scope
- Number of chapters: 18
- Pages: 513
- Publication date: October 27, 2023
- ISBN: 9798400211263
- DOI: https://doi.org/10.5089/9798400211263.071
Key Findings and Contributions
- Brings together recent empirical studies at the IMF on the effectiveness of different policy tools in responding to shocks and volatile capital flows.
- Offers assessments of countries’ actual use of different tools, and in-depth evaluations of their effectiveness and side effects.
- Many studies use new data and methods to address identification and comparison challenges across different circumstances.
- The volume provides comprehensive, in-depth coverage of policy-oriented empirical research that has informed a new approach to open-economy macroeconomics at the IMF.
Policy Tools Examined
- Macroprudential policies
- Monetary policy
- Foreign-exchange intervention
- Capital flow management policies
Subjects and Keywords (as listed)
- Subjects: Balance of payments; Capital controls; Capital flows; Central banks; Exchange rates; Financial crises; Financial sector policy and analysis; Foreign exchange; Macroprudential policy; Macroprudential policy instruments
- Keywords: account restrictiveness; Asia and Pacific; capital controls; Capital flows; Caribbean; Central America; Europe; exchange rate intervention; exchange rate policy; Exchange rates; foreign exchange intervention; FX debt; Global; IT regime; macroprudential policy; Macroprudential policy instruments; monetary policy
Availability and Formats
- Formats referenced: PDF and other formats via IMF eLibrary
- Options noted: Download PDF; Order a Print Copy
Source: IMF web landing page for "Shocks and Capital Flows: Policy Responses in a Volatile World" (publication page content).