Increasing Resilience to Large and Volatile Capital Flows : The Role of Macroprudential Policies.
Capital flows can deliver substantial benefits for countries, but also have the potential to contribute to a buildup of systemic financial risk. Benefits, such as enhanced investment and consumption smoothing, tend to be greater for countries whose financial and institutional development enables the...
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| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2017.
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| Series: | Policy Papers; Policy Paper ;
No. 2017/020 |
| Online Access: | Full text available on IMF |