Facing the Tides: Managing Capital Flows in Asia

ByHarald Finger, Pablo Lopez Murphy

October 22, 2019

Download PDF

More Formats on IMF eLibrary

Order a Print Copy

More formats on IMF eLibrary

Order a Print Copy

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

This paper looks empirically at some economic effects of volatile exchange rates and financial conditions and examines policy responses for managing such volatility. It also sheds light on some economic costs that stem from volatile capital flows and exchange rates and analyzes how countries deploy their policy toolkits in response. The data-driven analysis should contribute to ongoing reflections about how to manage volatile capital flows and exchange rates both in Asian EMEs and more broadly.

Subject: Balance of payments, Capital flows, Capital inflows, Central bank policy rate, Depreciation, Exchange rates, Financial services, Foreign exchange, National accounts

Keywords: Asia and Pacific, balance sheet FX mismatch, capital flow, Capital flows, Capital inflows, Central bank policy rate, Depreciation, depreciation shock, DP, DPPP, exchange rate, Exchange rates, foreign exchange intervention, FX liability, Global, intervention response, market, monetary policy, reaction function

Pages:
77
Volume:
2019
DOI:
https://doi.org/10.5089/9781513512334.087
Issue:
015
Series:
Departmental Paper No. 2019/015
Stock No:
FTDEA
ISBN:
9781513512334
ISSN:
2616-5333

Loading component...

IMF’s Work

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

Loading component...

Departmental Papers