Managing capital inflows : What tools to use? /
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Imprint: | [Washington, D.C.] : International Monetary Fund, 2011. |
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Description: | 1 online resource (41 pages). |
Language: | English |
Series: | IMF staff discussion note ; SDN/11/06 IMF staff discussion note ; SDN/11/06. |
Subject: | |
Format: | E-Resource Book |
URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12499485 |
Other authors / contributors: | Ostry, Jonathan David, 1962- author. International Monetary Fund, issuing body. |
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ISBN: | 1463926545 9781463926540 9781463926540 |
ISSN: | 2221-030X |
Notes: | "April 2011." Online resource; title from PDF title page (IMF, viewed September 29, 2015). |
Summary: | "Emerging market economies (EMEs) face increasing challenges in managing the strong recovery in capital inflows since the sudden stop of late-2008 and early-2009. The recovery has by no means been uniform across countries or regions, and not all types of flow have resumed - bank inflows generally and flows to emerging Europe have been lagging. But in a number of countries in emerging Asia and Latin America, policymakers are concerned that the pace of capital inflows is putting upward pressures on currencies (which, if not sustained, create economic dislocations when exchange rates come down, given the erosion in competitiveness and also currency risk in some balance sheets), and inflating credit and asset prices that may not be sustainable and could amplify financial fragilities down the road. Discussions have centered on the management of inflow surges, recognizing the broad medium-run benefits of global financial integration for economic growth and risk sharing."--Introduction. |
Other form: | Print Version: Ostry, Jonathan David. Managing Capital Inflows : What Tools to Use?. Washington, D.C. : International Monetary Fund, 2011. 9781463926540 |
Standard no.: | 10.5089/9781463926540.006 |
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