Managing large-scale capital inflows : the case of the Czech Republic, Poland and Romania

Ibrahim Chowdhury and Leonor Keller

Many emerging market economies have in the recent past experienced a surge in capital inflows that may threaten their economic and financial stability. The IMF in early 2011 proposed a framework intended to guide Fund advice to policymakers on how to best respond to such inflows, including both macroeconomic instruments and so-called capital flow management measures (CFMs). The paper applies this framework to three countries that have experienced elevated capital inflows after the onset of the 2008 global financial crisis - the Czech Republic, Poland, and Romania. It finds that the evaluation

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Year of publication:	2012
Authors:	Chowdhury, Ibrahim ; Keller, Leonor
Publisher:	Washington, DC : Internat. Monetary Fund
Subject:	Kapitalimport \| Capital imports \| Kapitalverkehrskontrolle \| Capital controls \| Tschechien \| Czech Republic \| Polen \| Poland \| Rumänien \| Romania

Extent:	Online-Ressource (PDF-Datei: 24 S., 841 KB) graph. Darst.
Series:	IMF working papers. - Washington, DC : IMF, ZDB-ID 2108494-4. - Vol. 12/138 IMF Working Papers
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	"May 2012 "Office of Executive Directors Includes bibliographical references Systemvoraussetzungen: Acrobat Reader Cover; Abstract; Contents; I. Introduction; II. Policy Tools for Managing Capital Inflows; A. Structural Changes; B. Macroeconomic Policies for Managing Capital Inflows; C. Capital Flow Management Measures; III. Policy Framework for Managing Capital Inflows; Figures; 1. Policies to Cope with Capital Inflows; IV. Country-Specific Analysis - the Czech Republic, Poland and Romania; A. The Czech Republic; B. Poland; C. Romania; V. Conclusions and Potential for Enhancing the Framework; Tables; 1. Synthesis of Country Assessments and Fund Advice; References 2. Gross and Net Capital Inflows (in USD billions)3. Gross and Net Portfolio Inflows (in USD billions); 4. Composition of Gross and Net Capital Inflows Electronic reproduction; Available via World Wide Web
ISBN:	978-1-4755-0392-0 ; 978-1-4755-0392-0
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10009615786