Policy Papers

Review of The Institutional View on The Liberalization and Management of Capital Flows — Background Note on Capital Flows and Capital Flow Management Measures — Benefits and Costs

Author/Editor:

Gurnain Kaur Pasricha ; Erlend Nier

Publication Date:

March 30, 2022

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

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 the experiences of staff since the adoption of the IV that have informed this review.

Series:

Policy Paper No. 2022/009

Subject:

Balance of payments Capital flow management Capital flows Capital inflows Foreign exchange Institutional View on capital flows Monetary policy Political economy

Frequency:

occasional