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dc.titleCapital Flows: Issues and Policies
dc.contributor.authorMontiel, Peter J.
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.date.available2013-09-19T00:00:00
dc.date.issue2013-05-28T00:00:00
dc.description.abstractThis paper presents an analytical overview of recent contributions to the literature on the policy implications of capital flows in emerging and developing countries, focusing specifically on capital inflows as well as on the links between inflows and subsequent capital-flow reversals. The objective is to clarify the policy challenges that such inflows pose and to evaluate the policy alternatives available to the recipient countries to cope with those challenges. A large menu of possible policy responses to large capital inflows is considered, and experience with the use of such policies is reviewed. A policy `decision tree`-i. e. , an algorithm for determining how to deploy policies in response to an exogenous inflow episode- is developed, and strategies to achieve resilience to both inflows and outflows in a world where exogenous events may frequently drive capital flows in both directions are discussed.
dc.format.extent60
dc.identifier.doihttp://dx.doi.org/10.18235/0011498
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Capital-Flows-Issues-and-Policies.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectInvestment
dc.subjectFinancial Risk
dc.subjectFinancial Market
dc.subjectFinancial Crisis and Structural Adjustement
dc.subject.jelcodeF32 - Current Account Adjustment • Short-Term Capital Movements
dc.subject.jelcodeF34 - International Lending and Debt Problems
dc.subject.jelcodeF36 - Financial Aspects of Economic Integration
dc.subject.jelcodeF62 - Macroeconomic Impacts
dc.typeWorking Papers
idb.identifier.pubnumberWorking Papers
idb.operationRG-K1098
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