Capital Inflows, Exchange Rate Flexibility, and Credit Booms /

The prospects of expansionary monetary policies in the advanced countries for the foreseeable future have renewed the debate over policy options to cope with large capital inflows that are, at least partly, driven by low interest rates in the financial centers. Historically, capital flow bonanzas ha...

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Bibliographic Details
Main Author: Magud, Nicolas
Other Authors: Reinhart, Carmen, Vesperoni, Esteban
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2012.
Series:IMF Working Papers; Working Paper ; No. 2012/041
Online Access:Full text available on IMF