Multilateral Aspects of Managing the Capital Account - 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 Multilateral Aspects of Managing the Capital Account write by Mr.Jonathan David Ostry. This book was released on 2012-09-07. Multilateral Aspects of Managing the Capital Account available in PDF, EPUB and Kindle. Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience interested in economic policy issues. This Web-only series replaced Staff Position Notes in January 2011.
The Multilateral Aspects of Policies Affecting Capital Flows
The Multilateral Aspects of Policies Affecting 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 The Multilateral Aspects of Policies Affecting Capital Flows write by International Monetary Fund. Monetary and Capital Markets Department. This book was released on 2011-10-13. The Multilateral Aspects of Policies Affecting Capital Flows available in PDF, EPUB and Kindle. The crisis is prompting a reconsideration of capital flows and the policies that affect them. A breakdown in the domestic stability of a large country can spill over into stress in other countries and even to the global system as a whole. The activities of global institutions and markets—some regulated and some not—can bear on the riskiness of flows. Thus, national policies affecting capital flows can transmit multilaterally. This transmission has not been fully appreciated by national policymakers. Further, they may not have incentives to take full account of the cross-border effects of their policies. Looking ahead, the upward trend in the volume of capital flows can be expected to continue, making it ever more important to address the associated cross-border risks. This paper aims to draw greater attention to the multilateral aspects of policies affecting capital flows. Previous work by the Fund has focused on the policies of recipient countries, mainly emerging market economies (EMEs), and addressed the circumstances in which capital flow management measures (CFMs) would be appropriate. This paper provides a complementary assessment of regulatory and supervisory policies of advanced economies, as well as large advanced economy monetary policy. Moreover, it addresses the multilateral transmission of CFMs.
Multilateral Aspects of Managing the Capital Account
Multilateral Aspects of Managing the Capital Account - 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 Multilateral Aspects of Managing the Capital Account write by Mr.Jonathan David Ostry. This book was released on 2012-09-07. Multilateral Aspects of Managing the Capital Account available in PDF, EPUB and Kindle. Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience interested in economic policy issues. This Web-only series replaced Staff Position Notes in January 2011.
The Multilateral Aspects of Policies Affecting Capital Flows - Background Paper
The Multilateral Aspects of Policies Affecting Capital Flows - Background Paper - 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 The Multilateral Aspects of Policies Affecting Capital Flows - Background Paper write by International Monetary Fund. This book was released on 2011-10-24. The Multilateral Aspects of Policies Affecting Capital Flows - Background Paper available in PDF, EPUB and Kindle. The case studies document the regulatory and supervisory dimension of episodes during the recent crisis involving capital flows that generated systemic stress. Source country regulation and supervision is the main focus, although recipient country policies also were important in some cases and are thus covered as well. Three of the case studies are motivated by systemic stress that arose from flows between advanced economies. Strong demand by foreign investors for U.S. financial products helped drive gross flows between the United States and other countries, especially Europe, and induced the U.S. financial sector to develop products that transformed their risky assets into highly-rated securities. In turn, large European banks came to depend on short-term liquidity provided from the U.S. These two-way capital flows created a complex web among markets and institutions, some regulated and some not. Against this background, case studies were prepared for European banks and U.S. money market mutual funds (MMMFs) and for German banks and U.S. mortgage-backed securities (MBSs). Another important case is that of the near failure of the American International Group (AIG), which turned out to have complex and systemically cross-border linkages with other global institutions and markets.
Taming Capital Flows
Taming 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 Taming Capital Flows write by J. Stiglitz. This book was released on 2015-05-05. Taming Capital Flows available in PDF, EPUB and Kindle. This volume contains country experiences explained by policy makers and studies by leading experts on causes and consequences of capital flows as well as policies to control these flows. It addresses portfolio flow issues central to open economies, especially emerging markets.
