Staff Discussion Notes

Multilateral Aspects of Managing the Capital Account

ByJonathan David Ostry, Atish R. Ghosh, Anton Korinek

September 7, 2012

More Formats on IMF eLibrary
Order a Print Copy

Preview Citation

Format: Chicago

Jonathan David Ostry, Atish R. Ghosh, and Anton Korinek. "Multilateral Aspects of Managing the Capital Account", Staff Discussion Notes 2012, 010 (2012), accessed 12/7/2025, https://doi.org/10.5089/9781475510072.006

Export Citation

  • ProCite
  • RefWorks
  • Reference Manager
  • BibTex
  • Zotero
  • EndNote

Disclaimer: This Staff Discussion Note represents the views of the authors and does not necessarily represent IMF views or IMF policy. The views expressed herein should be attributed to the authors and not to the IMF, its Executive Board, or its management. Staff Discussion Notes are published to elicit comments and to further debate.

Summary

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience interested in economic policy issues. This Web-only series replaced Staff Position Notes in January 2011.

Subject: Balance of payments, Capital account, Capital controls, Capital flows, Capital inflows, Financial sector policy and analysis, Spillovers

Keywords: “rules of the road”, Capital account, capital control, capital control cost function, capital control measure, Capital controls, capital controls equivalent, capital controls stresses distortion, Capital flows, Capital inflows, capital-importing country, capital-recipient country, financial crisis, Global, imposing capital control, inflow control, learning-by-doing externality, monetary policy, multilateral aspects, production externality, SDN, Spillovers, stresses distortion, terms of trade, world interest rate

Notes

You May Also Be Interested In...

Development Committee: The Managing Director's Written Statement

10/20/2025

The Managing Director's Global Policy Agenda, Fall 2025: Navigating a World In Transition

10/16/2025

Vietnam: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Vietnam

10/3/2025

Kingdom of Eswatini: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Kingdom of Eswatini

9/29/2025

How Do High Interest Rates Affect Banks: The Roles of Loan Losses and Macroprudential Policy

9/26/2025