Insights from the IPF workstream can help guide the appropriate policy mix during an inflow surge, based on the shock and country characteristics. Inflow surges may be caused by a range of shocks and can take different forms in different countries. The IPF models suggest that warranted...

This note describes the key principles for the design and implementation of preemptive CFM/MPMs. These measures should be designed to be effective-so they achieve their intended goal and are not easily circumvented-and efficient-so they minimize distortions and costs. Preemptive CFM/MPMs should...

The Fund's Institutional View (IV) recognizes the benefits of and risks associated with capital flows. Since the IV was adopted, a growing literature has provided additional insights into the benefits and risks from capital flows. This note summarizes the insights from the recent literature and...