Capital Inflows and Balance of Payments Pressures : Tailoring Policy Responses in Emerging Market Economies »
Series: IMF Policy Discussion Papers
Author(s): Bikas Joshi , Manuela Goretti , Uma Ramakrishnan , Alun Thomas , Atish Ghosh , and Juan Zalduendo
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2008
Keywords: Economic policy, Balance of payments, Capital inflows, Capital flows, Developing countries, Policy Discussion Paper, policy responses, current account, exchange rate,
Although capital inflows are generally beneficial to recipient countries, they also pose a challenge for the conduct of economic policy. This paper proposes a conceptual taxonomy to guide the design of policy respo...