Shocks Matter : Managing Capital Flows with Multiple Instruments in Emerging Economies /

We study the optimal management of capital flows in a small open economy model with financial frictions and multiple policy instruments. The paper reports two main findings. First, both foreign exchange intervention (FXI) and macroprudential polices are tools complementary to the monetary policy rat...

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书目详细资料
主要作者: Lama, Ruy
其他作者: Medina, Juan
格式: 杂志
语言:English
出版: Washington, D.C. : International Monetary Fund, 2020.
丛编:IMF Working Papers; Working Paper ; No. 2020/097
在线阅读:Full text available on IMF