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You are looking at 1 - 2 of 2 items for :

  • Type: Journal Issue x
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Cover Policy Papers
Review of The Institutional View on The Liberalization and Management of Capital Flows — Background Note on Using the IPF Analytical Toolkit to Enhance Policy Assessments
Marcin Kolasa, Gurnain Kaur Pasricha, Mr. Suman S Basu, Ms. Emine Boz, and Dimitre Milkov
Insights from the IPF workstream can help guide the appropriate policy mix during an inflow surge, based on the shock and country characteristics. Inflow surges may be caused by a range of shocks and can take different forms in different countries. The IPF models suggest that warranted macroeconomic policy adjustments depend on the nature of the shock and country characteristics. The IPF models point to shocks and country characteristics that make it difficult to effectively respond to surges using only macroeconomic policy and exchange rate adjustment. The IPF models also suggest that, in the presence of overheating and overvaluation, the use of FXI and CFMs can enhance monetary autonomy in certain circumstances without generating other distortions. The relative costs and benefits of FXI and CFMs depend on country-specific factors. The IPF models also illustrate how surges can lead to a build-up of systemic financial risks. The IPF workstream connects the appropriate mix of MPMs and CFM/MPMs to the structure of the country's financial system.
Keywords:
Policy assessment; background note 4; title page; IPF analytical toolkit; IPF model; Currency markets; Capital flow management; Global
Cover Policy Papers
Implementation Plan in Response to The Board: Endorsed Recommendations from the IEO Evaluation on IMF Advice on Capital Flows
International Monetary Fund
The actions in this document aim at • Bringing the Fund’s framework for advice on capital flow policies up to date with recent research and lessons from experience. • Enhancing and coordinating a Fund-wide research • Ramping up the monitoring and analysis of capital flows. • Strengthening multilateral cooperation on policy issues affecting capital flows.
Keywords:
IEO recommendation; IMF taxonomy; resource implication; implementation plan; capital account; Capital flows; Capital account; Institutional View on capital flows; Capital flow management; Global