The Liberalization and Management of Capital Flows - An Institutional View
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
Capital flows have increased significantly in recent years and are a key aspect of the global monetary system. They offer potential benefits to countries, but their size and volatility can also pose policy challenges. The Fund needs to be in a position to provide clear and consistent advice with respect to capital flows and policies related to them. In 2011, the International Monetary and Financial Committee (IMFC) called for ―further work on a comprehensive, flexible, and balanced approach for the management of capital flows.‖ This paper proposes an institutional view to underpin this approach, drawing on earlier Fund policy papers, analytical work, and Board discussions on capital flows.
Series:
Policy Papers
Subject:
Capital flows Capital inflows Capital outflows Emerging markets Fund role International cooperation International monetary system Surveillance Technical assistance
English
Publication Date:
November 14, 2012
Format:
Paper
Please address any questions about this title to publications@imf.org