Group of Twenty - Measures Which are Both Macroprudential and Capital Flow Management Measures: IMF Approach
Policy Papers, April 10, 2015
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Bibliographic details
- Published: April 10, 2015
- Series: Policy Papers
Key findings
- The global financial crisis underscored the costs of systemic instability at both the national and global levels.
- The crisis highlighted the importance of dedicated macroprudential and capital flow management policies.
- To the extent that capital flows are the source of systemic financial sector risks, the tools used to address those risks can be seen as both capital flow management measures (CFMs) and macroprudential measures (MPMs).
IMF role and operational work
- The IMF has been assisting its members with policy advice.
- The IMF has been developing and making operational their policy frameworks for macroprudential and capital flow management policies.
Multilateral and legal considerations
- Multilateral aspects of both macroprudential and capital flow management policies need to be fully considered.
- Interactions with other domestic and international legal frameworks should be taken into account when designing and implementing measures.
Scope and subject tags (as presented)
- Subject: Capital flows, Group of Twenty, Macroprudential policy, Stabilization measures
- Publication date: April 10, 2015
Source: Group of Twenty - Measures Which are Both Macroprudential and Capital Flow Management Measures: IMF Approach, April 10, 2015.