III Prudential Framework for Managing Risk in Cross-Border Capital Flows
Author: Mr. Akira Ariyoshi, Mr. Andrei A Kirilenko, Ms. Inci Ötker1, Mr. Bernard J Laurens, Mr. Jorge I Canales Kriljenko, and Mr. Karl F Habermeier
  • 1 0000000404811396https://isni.org/isni/0000000404811396International Monetary Fund
Language:
English
Keywords:
OP; control; capital; liberalization; market; interest rate; market participant; exchange control regime; liberalization program; control measure; current account transaction; a number of policy instrument; Capital controls; Capital inflows; Capital flows; Exchange rates; Global; Asia and Pacific; capital control measure; bank transparency; asset quality; bank creditor; risk management capacity; Capital adequacy requirements; Market risk; Credit risk

Abstract

One major objective of capital controls is to manage the various risks associated with capital flows.8 Capital control measures focus on specific types of transactions and attempt to manage and reduce risk by influencing the composition of parties to, and the volume of, such transactions. Chapter II examined a number of measures adopted by various countries, ranging from quantitative restrictions to a Tobin tax–like mechanism. The predominant motivations for the use of capital controls were macroeconomic, mainly to facilitate the pursuit of both monetary policy and exchange rate objectives.

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Cover Capital Controls
Capital Controls
Country Experiences with Their Use and Liberalization
Author: Mr. Akira Ariyoshi, Mr. Andrei A Kirilenko, Ms. Inci Ötker, Mr. Bernard J Laurens, Mr. Jorge I Canales Kriljenko, and Mr. Karl F Habermeier
ISBN:
9781557758743
ISSN:
0251-6365
Publication Date:
17 May 2000
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557758743.084
Pages:
123

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