Browse

You are looking at 1 - 10 of 16 items :

Clear All
Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence†

Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence† »

Source: Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence

Volume/Issue: 2015/226

Series: IMF Working Papers

Author(s): Olivier Blanchard , Jonathan Ostry , Atish Ghosh , and Marcos Chamon

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 October 2015

ISBN: 9781513500805

Keywords: capital inflows, bonds, bond, return, domestic bonds, All Countries, apital inflows,

The workhorse open-economy macro model suggests that capital inflows are contractionary because they appreciate the currency and reduce net exports. Emerging market policy makers however believe that inflows lead t...

Capital Controls and the Gains from Trade in a Business Cycle Model of a Small Open Economy

Capital Controls and the Gains from Trade in a Business Cycle Model of a Small Open Economy »

Source: IMF Staff papers : Volume 38 No. 3

Volume: 38

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1991

ISBN: 9781451973136

Keywords: current account, real exchange, real exchange rate, exchange rate, trade liberalization

Trade liberalization in developing countries is frequently opposed on the grounds that, because it is likely to cause a deterioration in the external balance, it may not be a viable policy option for countries faci...

Chapter 4. Brazil’s Experience in Managing Capital Inflows: The Role of Capital Controls

Chapter 4. Brazil’s Experience in Managing Capital Inflows: The Role of Capital Controls »

Source: Managing Economic Volatility in Latin America

Series: Books

Author(s): R. Gelos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2014

ISBN: 9781484364987

Keywords: exchange rate, public debt, inflation, current account, dutch disease

This chapter presents Brazil’s experience in managing capital flows. It discusses the Brazilian authorities’ use of a broad range of instruments to deal with capital inflows, including foreign exchange (FX)...

Chapter 14. Capital Flows, Monetary Policy, and Foreign Exchange Intervention in Peru

Chapter 14. Capital Flows, Monetary Policy, and Foreign Exchange Intervention in Peru »

Source: Peru : Staying the Course of Economic Success

Series: Books

Author(s): Alejandro Werner , and Alejandro Santos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 September 2015

ISBN: 9781513599748

Keywords: exchange, tax, investment, exchange rate, foreign exchange

This chapter explains the main features of sterilized interventions in the foreign exchange market by the Central Reserve Bank of Peru (Banco Central de Reserva del Perú [BCRP]), in a context of...

Chapter 3. Estimating Current Account Norms in Latin American Emerging Markets: A Quantile Regression Approach

Chapter 3. Estimating Current Account Norms in Latin American Emerging Markets: A Quantile Regression Approach »

Source: Managing Economic Volatility in Latin America

Series: Books

Author(s): R. Gelos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2014

ISBN: 9781484364987

Keywords: exchange rate, public debt, inflation, current account, dutch disease

A key tool to assess the equilibrium exchange rate is based on the estimation of the savings-investment balance (current account norms). These norms are projected on a set of macroeconomic fundamentals and d...

Chapter 9. Global Financial Shocks and Gross Capital Flows in Latin America

Chapter 9. Global Financial Shocks and Gross Capital Flows in Latin America »

Source: Latin America : New Challenges to Growth and Stability

Series: Books

Author(s): Dora Iakova , Luis Cubeddu , Gustavo Adler , and Sebastian Sosa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 December 2014

ISBN: 9781498328166

Keywords: debt, commodity, fiscal policy, interest, growth

Global financial markets have been a source of sizable shocks over the past decade, with broad repercussions across emerging markets. Stark examples are the crisis triggered by the...

Fiscal Expansion and External Current Account Balance

Fiscal Expansion and External Current Account Balance »

Source: Fiscal Expansion and External Current Account Balance

Volume/Issue: 1988/100

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 November 1988

ISBN: 9781451948622

Keywords: current account, balance of payments, bonds, government debt, international reserves

This paper analyzes, in a general equilibrium framework, how fiscal policy transmits its effects to the current account of the balance of payments. In discussing the role of fiscal policies in the Fund’s sta...

Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence

Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence »

Volume/Issue: 2015/226

Series: IMF Working Papers

Author(s): Olivier Blanchard , Jonathan Ostry , Atish Ghosh , and Marcos Chamon

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 October 2015

DOI: http://dx.doi.org/10.5089/9781513500805.001

ISBN: 9781513500805

Keywords: capital inflows, bonds, bond, return, domestic bonds, All Countries, apital inflows,

The workhorse open-economy macro model suggests that capital inflows are contractionary because they appreciate the currency and reduce net exports. Emerging market policy makers however believe that inflows lead t...

Financial Fragility and Economic Performance in Developing Economies
			: Do Capital Controls, Prudential Regulation and Supervision Matter?

Financial Fragility and Economic Performance in Developing Economies : Do Capital Controls, Prudential Regulation and Supervision Matter? »

Volume/Issue: 1999/66

Series: IMF Working Papers

Author(s): Marco Rossi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1999

DOI: http://dx.doi.org/10.5089/9781451848779.001

ISBN: 9781451848779

Keywords: Financial Crises, Capital Account Convertibility, Prudential Regulation, Supervision, Deposit Insurance, Economic Performance, banking, capital controls, capital account liberalization, capital inflows

Little empirical investigation exists of the links among capital account liberalization, prudential regulation and supervision, financial crises, and economic development, mainly because of the lack of comparable m...

Fiscal Expansion and External Current Account Balance

Fiscal Expansion and External Current Account Balance »

Volume/Issue: 1988/100

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 November 1988

DOI: http://dx.doi.org/10.5089/9781451948622.001

ISBN: 9781451948622

Keywords: current account, balance of payments, bonds, government debt, international reserves

This paper analyzes, in a general equilibrium framework, how fiscal policy transmits its effects to the current account of the balance of payments. In discussing the role of fiscal policies in the Fund’s sta...