UID:
edocfu_9958098543902883
Format:
1 online resource (29 p.)
Edition:
1st ed.
ISBN:
1-4623-4065-2
,
1-4527-7833-7
,
9786612842207
,
1-4518-7127-9
,
1-282-84220-X
Series Statement:
IMF working paper ;
Content:
This paper surveys policy responses in recent years to capital inflows in a diverse group of countries that are represented by the Netherlands at the IMF Executive Board. Based on the findings from cross-country empirical literature, the paper distills some guiding principles for policy responses to excessive capital inflows, depending on country-specific circumstances and with a particular focus on fiscal policy. In addition to considering the conventional macroeconomic and structural policy tools, the paper also discusses the role of microfiscal policies in affecting the size and the composition of capital inflows. While conditions in these countries have changed very recently, the policy principles remain salient.
Note:
Description based upon print version of record.
,
Tables; I.Introduction; II.Capital Inflows in the G-11 Countries; A. Recent Experience and Stylized Facts; B. Policy Response to Capital Inflows; III.Tailoring Policy Response to Country-Specific Circumstances; A. Managing Temporary Capital Inflows
,
B. Responding to Persistent Capital Inflows: The Role of Fiscal Policy C. Mitigating the Risks of Excessive Capital Inflows; IV. Conclusion; References
,
English
Additional Edition:
ISBN 1-4519-1580-2
Language:
English
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