Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/154633 
Authorgroup: 
IRC Task Force on IMF issues
Year of Publication: 
2016
Series/Report no.: 
ECB Occasional Paper No. 180
Publisher: 
European Central Bank (ECB), Frankfurt a. M.
Abstract: 
The last decade has been characterised by the pronounced volatility of capital flows. While cross-border capital flows can have many benefits for both advanced and emerging market economies, they may also carry risks, which require appropriate policy responses. Disentangling the push from the pull factors driving capital flows is key to designing appropriate policies to deal with them. Strong institutions, sound fundamentals and a large domestic investor base tend to shield economies from adverse global conditions and attract less volatile types of capital. However, when the policy space for using traditional macroeconomic policies is limited, countries may also turn to macroprudential and capital flow management policies in a pragmatic manner. The IMF can play an important role in helping countries to deal with capital flows, through its surveillance and lending policy and through international cooperation.
Subjects: 
capital flow management
capital flows
IMF
international cooperation
JEL: 
F3
F32
F38
F42
F65
G28
Persistent Identifier of the first edition: 
ISBN: 
978-92-899-2485-6
Document Type: 
Research Report

Files in This Item:
File
Size
445.02 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.