Preemptive Policies and Risk-Off Shocks in Emerging Markets /

We show that "preemptive" capital flow management measures (CFM) can reduce emerging markets and developing countries' (EMDE) external finance premia during risk-off shocks, especially for vulnerable countries. Using a panel dataset of 56 EMDEs during 1996-2020 at monthly frequency, w...

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Detalles Bibliográficos
Autor Principal: Das, Mitali
Outros autores: Gopinath, Gita, Kalemli-Ozcan, Azebnem
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2022.
Series:IMF Working Papers; Working Paper ; No. 2022/003
Subjects:
Acceso en liña:Full text available on IMF