Series: IMF Working Papers
Author(s): Selim Elekdag , Ayhan Kose , and Roberto Cardarelli
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2009
Keywords: crises, sterilization, exchange rate, private capital inflows, private capital,
This paper examines the macroeconomic implications of, and policy responses to surges in private capital inflows across a large group of emerging and advanced economies. In particular, we identify 109 episodes of l...