How to manage capital inflows remains an important policy issue for many emerging market economies. This paper presents … a brief survey of the literature on managing capital inflows, with a focus on developing and emerging market economies …. The paper, after discussing the economic characteristics of capital inflows, provides an overview of the evolution of …

, one potentially adverse effect of globalization is the possibility that business cycle volatility might increase. Rapid … to unstable international capital flows. At the same time, business cycle volatility in OECD countries seems to have been …

In this paper, we review the most common specifications of discrete-time stochastic volatility (SV) models and … indices and foreign exchange rates. -- Stochastic volatility ; Markov chain Monte Carlo ; Metropolis-Hastings algorithm Jump …