Managing Capital Inflows: What Tools to Use?
( IMF Staff Discussion Notes )
Publication series ： IMF Staff Discussion Notes
Author： Mr. Atish R. Ghosh Mr. Karl Friedrich Habermeier Mr. Jonathan David Ostry Mr. Marcos Chamon Mr. Luc Laeven Mahvash Saeed Qureshi Annamaria Kokenyne
Publisher： INTERNATIONAL MONETARY FUND
Publication year： 2011
E-ISBN: 9781616350765
P-ISBN(Paperback): 9781463926540
Subject： F831 The world financial, banks
Language： ENG
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Description
A staff policy note on the above topic is under preparation, and the target delivery date is December 2010. The note will look at a number of issues, including: possible tensions between the prudential case for capital controls and the macroeconomic case; the role of capital controls and other prudential regulations in limiting the risks associated with the boom-bust cycle in capital flows (and the nature of policy prescriptions as a function of the underlying risks facing the economycredit risk, currency risk, excessive foreign borrowing either directly from abroad or by the banking systemand institutional/administrative constraints); and design of capital controls themselves (taxes, URRs, quantitative restrictions) as a function of country characteristics.