Review of The Institutional View on The Liberalization and Management of Capital Flows — Background Note on Capital Flows and Capital Flow Management Measures — Benefits and Costs

Policy Papers, March 30, 2022

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Review of The Institutional View on The Liberalization and Management of Capital Flows — Background Note on Capital Flows and Capital Flow Management Measures — Benefits and Costs

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Bibliographic details

• Authors: Gurnain Kaur Pasricha, Erlend Nier
• Published: March 30, 2022
• Series: Policy Papers
• DOI: https://doi.org/10.5089/9798400205491.007

Summary

• The Fund’s Institutional View (IV) recognizes the benefits of and risks associated with capital flows.
• Since the IV was adopted, a growing literature has provided additional insights into the benefits and risks from capital flows.
• This note summarizes the insights from the recent literature and the experiences of staff since the adoption of the IV that have informed this review.

Major themes and insights (as presented)

• Recognition of both benefits and risks associated with capital flows under the Institutional View (IV).
• Growing literature since the IV’s adoption has expanded understanding of:
  • benefits from capital flows;
  • risks from capital flows.
• The note synthesizes:
  • recent literature findings; and
  • experiences of IMF staff since the adoption of the IV.

Publication and metadata (exact values preserved)

• Authors: Gurnain Kaur Pasricha, Erlend Nier
• Date: March 30, 2022
• Pages: 23
• Volume: 2022
• Issue: 009
• Series: Policy Paper No. 2022/009
• DOI: https://doi.org/10.5089/9798400205491.007
• Stock No: PPEA2022009
• ISBN: 9798400205491
• ISSN: 2663-3493
• Subjects: Balance of payments, Capital flow management, Capital flows, Capital inflows, Foreign exchange, Institutional View on capital flows, Monetary policy, Political economy
• Keywords: background note 1, Capital flow management, capital flow management measure, Capital flows, Capital inflows, CFMs in country, design of cfm, Global, inflow CFMs, Institutional View on capital flows

Review of The Institutional View on The Liberalization and Management of Capital Flows — Background Note on Capital Flows and Capital Flow Management Measures — Benefits and Costs, Gurnain Kaur Pasricha and Erlend Nier, March 30, 2022.

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