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Managing Capital Flows : Lessons From the Experience of Chile
Laurens, Bernard - 1998
considerable attention from observers and policymakers. It has been argued that the imposition by Chile of a nonremunerated reserve … requirement on external borrowing played a useful role in the smooth liberalization of its capital account by allowing Chile to … measures should be adopted by other countries. In light of this, this paper reviews Chile’s experience in managing capital …
Persistent link: https://www.econbiz.de/10014403419
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Capital inflows, exchange rate flexibility, and credit booms
Magud, Nicolas; Reinhart, Carmen M.; Vesperoni, Esteban R. - 2012
Persistent link: https://www.econbiz.de/10009572545
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Capital flows to EU new member states : does sector destination matter?
Mitra, Pritha - 2011
Persistent link: https://www.econbiz.de/10009486227
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Opening up : capital flows and financial sector dynamics in low-income developing countries
Horn, Sebastian; Narita, Futoshi - 2021
Persistent link: https://www.econbiz.de/10012796728
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External financing risks : how important is the composition of the international investment position?
Cubeddu, Luis; Ahmed Hannan, Swarnali; Rabanal, Pau - 2021
Building on the vast literature, this paper focuses on the role of the structure of the international investment position (IIP) in affecting countries' external vulnerabilities. Using a sample of 73 advanced and emerging economies and new database on the IIP's currency composition, we find that...
Persistent link: https://www.econbiz.de/10012517927
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Shocks matter : managing capital flows with multiple instruments in emerging economies
Lama C., Ruy; Medina, Juan Pablo - 2020
We study the optimal management of capital flows in a small open economy model with financial frictions and multiple policy instruments. The paper reports two main findings. First, both foreign exchange intervention (FXI) and macroprudential polices are tools complementary to the monetary policy...
Persistent link: https://www.econbiz.de/10012252000
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Financial openness and capital inflows to emerging markets : in search of robust evidence
Cerdeiro, Diego A.; Komaromi, Andras - 2019
We reassess the connection between capital account openness and capital flows in an empirical framework that is grounded in theory and makes use of previously unexplored variation in the data. We demonstrate how our theory-consistent regressions may overcome some ubiquitous measurement problems...
Persistent link: https://www.econbiz.de/10012103692
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One shock, many policy responses
Mano, Rui C.; Sgherri, Silvia - 2020
Policymakers have relied on a wide range of policy tools to cope with capital flow shocks. And yet, the effects and interaction of these policies remain under debate, as does the motivation for using them. In this paper, quantile local projections are used to estimate the entire distribution of...
Persistent link: https://www.econbiz.de/10012170084
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In search of lost time : examining the duration of sudden stops in capital flows
David, Antonio C.; Gonçalves, Carlos Eduardo Soares - 2019
This paper investigates what factors affect the duration of sudden stops in capital flows using quarterly data for a large panel of countries. We find that countries with floating exchange rate regimes tend to experience shorter sudden stop episodes and that fixed exchange rate regimes are...
Persistent link: https://www.econbiz.de/10012154578
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Capital Flows to Central and Eastern Europe
Milesi-Ferretti, Gian-Maria - 2006
We examine the evolution of the net external asset positions of Central and Eastern Europe (CEEC) countries over the past decade, with a strong emphasis on the composition of their international balance sheets. We assess the extent of their international financial integration, compared with the...
Persistent link: https://www.econbiz.de/10014402280