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Autoren: 
L´Hotellerie-Fallois, Pilar
Moreno, Pablo
Balteanu, Irina
Beirne, John
Brüggemann, Axel
Bussière, Matthieu
Estrada, Ángel
Frost, Jon
Herzberg, Valerie
Metzemakers, Paul
Reinhardt, Dennis
Broos, Menno
Ghalanos, Michalis
Kennedy, Bernard
Landbeck, Alexander
Lerner, Christina
Menezes, Paula
Schiavone, Alessandro
Tilley, Thomas
Datum: 
2016
Reihe/Nr.: 
ECB Occasional Paper 180
Zusammenfassung: 
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.
Schlagwörter: 
capital flow management
capital flows
IMF
international cooperation
JEL: 
F3
F32
F38
F42
F65
G28
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-92-899-2485-6
Dokumentart: 
Research Report
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