Managing Capital Outflows - Further Operational Considerations - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Managing Capital Outflows - Further Operational Considerations write by International Monetary Fund. Monetary and Capital Markets Department. This book was released on 2015-07-12. Managing Capital Outflows - Further Operational Considerations available in PDF, EPUB and Kindle. The Guidance Note for the Liberalization and Management of Capital Flows (IMF 2013a) provides operational guidance to staff on the use of the Fund’s institutional view on the liberalization and management of capital flows (Box 1). It discusses appropriate policies with respect to the liberalization of capital flows and the management of disruptive capital inflows and outflows. With respect to capital outflows, the institutional view considers that capital flow management measures (CFMs) may be appropriate in crisis-type circumstances or, in the context of capital flow liberalization, if countries find that they have liberalized prematurely and are unable to handle the resulting capital flows. In non-crisis-type circumstances, the guidance considers outflows as being appropriately handled by macroeconomic, financial, and structural policies. It is intended to mirror the policy advice with respect to capital inflows. The guidance is, however, relatively brief and would benefit from some elaboration to lay out the possible configurations of policies in the context of the institutional view. This note seeks to provide such an elaboration, which is particularly relevant as capital outflows are becoming a more relevant policy challenge.
Guidance Note for the Liberalization and Management of Capital Flows
Guidance Note for the Liberalization and Management of Capital Flows - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Guidance Note for the Liberalization and Management of Capital Flows write by International Monetary Fund. Strategy, Policy, & Review Department. This book was released on 2013-04-25. Guidance Note for the Liberalization and Management of Capital Flows available in PDF, EPUB and Kindle. This note provides operational guidance to staff for how to use the Fund’s institutional view on the liberalization and management of capital flows. The institutional view is a consistent basis for providing policy advice on capital flows and policies related to them and assessments when required for surveillance. In the absence of an institutional view, country teams risk providing inconsistent advice to countries in similar circumstances (IEO, 2005). The view does not have mandatory implications for Fund-supported programs or technical assistance. It does not alter members’ rights and obligations under the Fund’s Articles of Agreement or under any other international agreements. The institutional view and guidance will evolve over time to reflect new experience, emerging views of authorities and staff, and research. Staff teams are encouraged to reflect useful lessons from authorities’ experiences with capital flow liberalization and management in Fund reports so that these experiences can continue to influence the Fund’s approach to these issues.
Managing Capital Flows
Managing Capital Flows - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Managing Capital Flows write by Masahiro Kawai. This book was released on 2010-01-01. Managing Capital Flows available in PDF, EPUB and Kindle. Managing Capital Flows provides analyses that can help policymakers develop a framework for managing capital flows that is consistent with prudent macroeconomic and financial sector stability. While capital inflows can provide emerging market economies with invaluable benefits in pursuing economic development and growth, they can also pose serious policy challenges for macroeconomic management and financial sector supervision. The expert contributors cover a wide range of issues related to managing capital flows and analyze the experience of emerging Asian economies in dealing with surges in capital inflows. They also discuss possible policy measures to manage capital flows while remaining consistent with the goals of macroeconomic and financial sector stability. Building on this analysis, the book presents options for workable national policies and regional policy cooperation, particularly in exchange rate management. Containing chapters that bring in international experiences relevant to Asia and other emerging market economies, this insightful book will appeal to policymakers in governments and financial institutions, as well as public and private finance experts. It will also be of great interest to advanced students and academic researchers in finance.
Capital Flows - Review of Experience with the Institutional View
Capital Flows - Review of Experience with the Institutional View - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Capital Flows - Review of Experience with the Institutional View write by International Monetary Fund. Legal Dept.. This book was released on 2016-07-11. Capital Flows - Review of Experience with the Institutional View available in PDF, EPUB and Kindle. Capital flows are an important aspect of the international monetary system. They provide significant benefits, both direct and indirect. At the same time, they also carry risks, and a key challenge for countries is how to harness the benefits while managing the risks. The institutional view on the liberalization and management of capital flows provides the Fund with a basis for consistent advice on policies related to capital flows. This paper reviews countries’ experiences with handling capital flows in the period since the adoption of the IMF’s institutional view in 2012. Based on the experience, it identifies a few areas in which the view would benefit from further clarification or elaboration.
Managing Volatile Capital Flows: Experiences and Lessons for Sub-Saharan African Frontier Markets
Managing Volatile Capital Flows: Experiences and Lessons for Sub-Saharan African Frontier Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Managing Volatile Capital Flows: Experiences and Lessons for Sub-Saharan African Frontier Markets write by Cheikh A. Gueye. This book was released on 2014-03-26. Managing Volatile Capital Flows: Experiences and Lessons for Sub-Saharan African Frontier Markets available in PDF, EPUB and Kindle. During the past three years the frontier markets of sub-Saharan Africa have received growing amounts of portfolio capital flows, with heightened interest from foreign investors. Compared with foreign direct investment, portfolio capital flows tend to be more volatile, and thus pose challenges for sub-Saharan African frontier markets. This study examines the evolution of capital flows since 2010 and discusses the policies these countries have designed to reduce risks from the inherent volatility of these flows.
