Capital inflows and balance of payments pressures
Subtitle: tailoring policy responses in emerging market economies
By: Atish Ghosh ... [et al.].
Contributors: Ghosh, Atish R.; International Monetary Fund.
Series: IMF policy discussion paper -- PDP/08/2
Publisher: International Monetary Fund
Published: 2008
Place of publication: [Washington, D.C.]
Language: eng
Format: Electronic resource
Description: Although capital inflows are generally beneficial to recipient countries, they also pose a challenge for the conduct of economic policy. This paper proposes a conceptual taxonomy to guide the design of policy responses in the face of capital flows. We explore how responses to capital surges should be differentiated based on the source of balance of payments pressures. We also examine whether the policy choices in emerging market countries conform to the taxonomy's predictions and find some correspondence, especially during periods of high global liquidity.
Notes: Title from PDF file (viewed on Oct. 10, 2008).

"June 2008."

"Policy Development and Review Department and Research Department."

Includes bibliographical references.

Also available in print.

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