One-Size-Fits-One : Tailor-Made Fiscal Responses to Capital Flows /

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...

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Autor principal: Zakharova, Daria
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2008.
Col·lecció:IMF Working Papers; Working Paper ; No. 2008/269
Accés en línia:Full text available on IMF
Descripció
Sumari: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.
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Descripció física:1 online resource (27 pages)
Format:Mode of access: Internet
ISSN:1018-5941
Accés:Electronic access restricted to authorized BRAC University faculty, staff and students