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...

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Chi tiết về thư mục
Tác giả chính: Kang, Heedon
Tác giả khác: Miettinen, Paavo, Nier, Erlend, Olafsson, Thorvardur Tjoervi, Pasricha, Gurnain Kaur
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 2022.
Loạt:Policy Papers; Policy Paper ;No. 2022/011
Những chủ đề:
Truy cập trực tuyến:Full text available on IMF
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245 1 0 |a Review of The Institutional View on The Liberalization and Management of Capital Flows :   |b Background Note on Principles for the Design of Measures to Address Systemic Risks from FX Mismatches /  |c Heedon Kang, Paavo Miettinen, Erlend Nier, Thorvardur Tjoervi Olafsson, Gurnain Kaur Pasricha. 
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520 3 |a 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. 
538 |a Mode of access: Internet 
650 7 |a Monetary Policy  |2 imf 
650 7 |a Money and Monetary Policy  |2 imf 
650 7 |a Political Economy  |2 imf 
700 1 |a Miettinen, Paavo. 
700 1 |a Nier, Erlend. 
700 1 |a Olafsson, Thorvardur Tjoervi. 
700 1 |a Pasricha, Gurnain Kaur. 
830 0 |a Policy Papers; Policy Paper   |v ;No. 2022/011 
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