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Recent advances in the literature on capital flow management

Beck, Roland; Berganza, Juan Carlos; Brüggemann, Axel; … - 2023 - Revised September 2023

Large swings in cross-border capital flows can have consequences for domestic stability and open a channel for the transmission of shocks and spillovers across economies, including the euro area. Against this backdrop, the present paper reviews new evidence for the effectiveness of capital flow...