## Liberalizing Capital Flows and Managing Outflows

_Policy Papers, March 13, 2012_

## Source details

**Canonical URL:** [Liberalizing Capital Flows and Managing Outflows](https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/liberalizing-capital-flows-and-managing-outflows-pp4645)

## Other formats

- [Markdown version](/en/publications/policy-papers/issues/2016/12/31/liberalizing-capital-flows-and-managing-outflows-pp4645/index.md)
- [Structured JSON version](/en/publications/policy-papers/issues/2016/12/31/liberalizing-capital-flows-and-managing-outflows-pp4645/index.json)
- [Bundle manifest](/en/publications/policy-papers/issues/2016/12/31/liberalizing-capital-flows-and-managing-outflows-pp4645/bundle-manifest.json)

## Bibliographic details
- Published: March 13, 2012
- Series: Policy Papers

---

### Summary and context
- This is the fourth in a series of Board papers developing a comprehensive Fund view on capital flows and the policies that affect them.
- Sequence of prior papers in the series:
  - First paper: December 2010 — dealt with the Fund’s overall role in this area, both historically and prospectively.
  - Second paper: March 2011 — developed a framework for policy advice on managing capital inflows, broadly endorsed by the Board; constitutes a first round articulation of the Fund’s institutional views on managing capital inflows.
  - Third paper: November 2011 — examined the multilateral aspects of policies affecting capital flows, and focused mainly on source country policies.
- This (fourth) paper covers liberalizing capital flows and the management of outflows.

### Publication details and access
- Publication date: March 13, 2012
- Format noted on page: Download PDF
- The IMF eLibrary is referenced as offering over 25,000 IMF publications in multiple formats.

### Thematic focus and subjects
- Core topics indicated on the page:
  - Capital flows
  - Capital outflows
  - China
  - Developing countries
  - Emerging markets
  - Fund role
  - India

### Navigation and related items shown on the page
- Page lists related links to country engagements:
  - India and the IMF
  - People's Republic of China and the IMF
- Page lists related publications (titles and dates as shown on the page) under "You May Also Be Interested In...":
  - Payment Frictions, Capital Flows, and Exchange Rates — August 29, 2025
  - On Cross-Border Crypto Flows: Measurement Drivers and Policy Implications — December 20, 2024
  - The Managing Director's Global Policy Agenda, Annual Meetings 2024: Secure A Soft Landing And Break From The Low Growth–High Debt Path — October 24, 2024
  - Capital Controls on Outflows: New Evidence and a Theoretical Framework — July 26, 2024

*Liberalizing Capital Flows and Managing Outflows, March 13, 2012.*

---

## Content in this bundle

- **Liberalizing Capital Flows and Managing Outflows; IMF Policy Paper; March 13, 2012**
  - [Liberalizing Capital Flows and Managing Outflows; IMF Policy Paper; March 13, 2012 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2012/_031312.pdf.md){rel="alternate" type="text/markdown"}
  - [Liberalizing Capital Flows and Managing Outflows; IMF Policy Paper; March 13, 2012 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2012/_031312.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/liberalizing-capital-flows-and-managing-outflows-pp4645_