This paper analyzes the use of capital flow measures in emerging markets. Drawing on a specially compiled new database of capital flow measures, it establishes that policy makers in emerging market economies do not use capital flow measures as an active tool at business cycle frequency. While there is a general trend toward the liberalization of capital accounts, the use of capital flow measures as a countercyclical policy tool is rather sporadic...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2018/04/26
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Рабочий документ в рамках исследования вопросов политики
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WPS8418
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1
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1
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2018/04/26
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Disclosed
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Capital flow measures : structural or cyclical policy tools?
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capital flow
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