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Capital Inflows; Macroeconomic Implications and Policy Responses
Elekdag, Selim; Kose, M. Ayhan; Cardarelli, Roberto - International Monetary Fund (IMF) - 2009
This paper examines the macroeconomic implications of, and policy responses to surges in private capital inflows across … inflows to 52 countries over 1987-2007. Episodes of large capital inflows are often associated with real exchange rate …
Persistent link: https://www.econbiz.de/10005825695
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Capital Flows to Transition Economies; Master or Servant
Lipschitz, Leslie; Mourmouras, Alex; Lane, Timothy D. - International Monetary Fund (IMF) - 2002
production—can combine to motivate very large capital inflows. These inflows can either undermine attempts at monetary restraint …
Persistent link: https://www.econbiz.de/10005769312
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Capital Flows and their Macroeconomic Effects in India
Kohli, Renu - International Monetary Fund (IMF) - 2001
This paper documents trends in movement and composition of capital flows into India in a comparative perspective, examines the impact of these flows upon key macroeconomic variables in the economy, and dwells on implications for economic policy. We find that an inflow of foreign capital results...
Persistent link: https://www.econbiz.de/10005599217
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Are Pegged and Intermediate Regimes More Crisis Prone?
Bubula, Andrea; Ötker, Inci - International Monetary Fund (IMF) - 2003
This paper provides evidence on the susceptibility of different types of exchange rate regimes to currency crises during 1990-2001. It explores the incidence of crises, identified as episodes of severe exchange market pressure, to seek evidence on whether pegged regimes are more crisis prone...
Persistent link: https://www.econbiz.de/10005604829
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An Analysis of the Process of Capital Liberalization in Italy
Bodnar, Gordon M.; Bartolini, Leonardo - International Monetary Fund (IMF) - 1992
Beginning in 1985 Italy embarked on a path of progressive removal of its system of controls on portfolio investment, a process formally completed with the abolition of all remaining restrictions in 1990. In this paper we review this policy of capital liberalization and integrate the analysis...
Persistent link: https://www.econbiz.de/10005605151
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Liberalization of the Capital Account; Experiences and Issues
Mathieson, Donald J.; Rojas-Suárez, Liliana - International Monetary Fund (IMF) - 1992
This paper reviews the experience with capital controls in industrial and developing countries, considers the policy issues raised when the effectiveness of capital controls diminishes, examines the medium-term benefits and costs of an open capital account, and analyzes the policy measures that...
Persistent link: https://www.econbiz.de/10005263934
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Exchange Rate Regimes in Selected Advanced Transition Economies; Coping with Transition, Capital Inflows, and EU Accession
International Monetary Fund (IMF); International … - 2000
Since beginning economic transition, the Czech Republic, Estonia, Hungary, Poland, and Slovenia have—with much success—employed diverse exchange rate regimes. As these countries approach EU accession, they will need to avoid the perils of too much or too little exchange rate variability when...
Persistent link: https://www.econbiz.de/10005264251
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Capital Account Policies in Chile Macro-financial considerations along the path to liberalization
Carriere-Swallow, Yan; Garcia-Silva, Pablo - International Monetary Fund (IMF) - 2013
shocks were confronted under very different macroeconomic and capital account frameworks. We show that during the 1997 …-98 Asian-LTCM-Russia crisis, a closed capital account and relatively rigid exchange rate severely constrained the monetary … policy response to the shock, aggravating the fall in domestic demand. During the 2008-09 crisis, a full-fledged inflation …
Persistent link: https://www.econbiz.de/10010790346
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Surges
Qureshi, Mahvash Saeed; Ghosh, Atish R.; Zalduendo, Juan; … - International Monetary Fund (IMF) - 2012
This paper examines why surges in capital flows to emerging market economies (EMEs) occur, and what determines the allocation of capital across countries during such surge episodes. We use two different methodologies to identify surges in EMEs over 1980-2009, differentiating between those mainly...
Persistent link: https://www.econbiz.de/10009650614
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A Modernized Approach to Managing the Risks in Cross-Border Capital Movements
Ötker, Inci; Johnston, R. B. - International Monetary Fund (IMF) - 1999
environment of increased and liberalized capital flows. Key elements of this approach include: a consistent monetary and exchange … potential size of the shocks associated with capital movements and increase the resilience of the financial system to such … shocks when they occur; overtime, it is expected to reduce the need for recourse to capital controls. …
Persistent link: https://www.econbiz.de/10005771361