Series: IMF Working Papers
Author(s): Linda Goldberg , and Signe Krogstrup
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 16 February 2018
Keywords: Exchange Market Pressure; Risk aversion; Safe haven; Capital flows; Exchange Rate; Foreign Exchange Reserves, Exchange Market Pressure, Risk aversion, Safe haven, Capital flows, Exchange Rate, Foreign Exchange Reserves, Portfolio Choice, General
This paper presents a new measure of capital flow pressures in the form of a recast Exchange Market Pressure index. The measure captures pressures that materialize in actual international capital flows as well as p...