Review of The Institutional View on The Liberalization and Management of Capital Flows : Background Note on Principles for the Design of Measures to Address Systemic Risks from FX Mismatches /

This note describes the key principles for the design and implementation of preemptive CFM/MPMs. These measures should be designed to be effective-so they achieve their intended goal and are not easily circumvented-and efficient-so they minimize distortions and costs. Preemptive CFM/MPMs should be t...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Kang, Heedon
مؤلفون آخرون: Miettinen, Paavo, Nier, Erlend, Olafsson, Thorvardur Tjoervi, Pasricha, Gurnain Kaur
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2022.
سلاسل:Policy Papers; Policy Paper ;No. 2022/011
الموضوعات:
الوصول للمادة أونلاين:Full text available on IMF
الوصف
الملخص:This note describes the key principles for the design and implementation of preemptive CFM/MPMs. These measures should be designed to be effective-so they achieve their intended goal and are not easily circumvented-and efficient-so they minimize distortions and costs. Preemptive CFM/MPMs should be targeted, calibrated to risks, transparent, and as temporary as possible. The appropriate design depends on country circumstances, such as institutional and legal constraints, as well as the precise source of the vulnerability. Where measures that do not discriminate by residency are available and effective, they should be preferred.
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وصف مادي:1 online resource (6 pages)
التنسيق:Mode of access: Internet
تدمد:2663-3493
وصول:Electronic access restricted to authorized BRAC University faculty, staff and students