Capital Inflows : The Role of Controls /

With the global economy beginning to emerge from the financial crisis, capital is flowing back to emerging market countries (EMEs). These flows, and capital mobility more generally, allow countries with limited savings to attract financing for productive investment projects, foster the diversificati...

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Príomhchruthaitheoir: Ostry, Jonathan
Rannpháirtithe: Chamon, Marcos, Ghosh, Atish, Habermeier, Karl
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 2010.
Sraith:IMF Staff Position Notes; Staff Position Note ; No. 2010/004
Rochtain ar líne:Full text available on IMF
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100 1 |a Ostry, Jonathan. 
245 1 0 |a Capital Inflows :   |b The Role of Controls /  |c Jonathan Ostry, Atish Ghosh, Karl Habermeier, Marcos Chamon. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2010. 
300 |a 1 online resource (29 pages) 
490 1 |a IMF Staff Position Notes 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a With the global economy beginning to emerge from the financial crisis, capital is flowing back to emerging market countries (EMEs). These flows, and capital mobility more generally, allow countries with limited savings to attract financing for productive investment projects, foster the diversification of investment risk, promote intertemporal trade, and contribute to the development of financial markets. In this sense, the benefits from a free flow of capital across borders are similar to the benefits from free trade (see Reaping the Benefits of Financial Globalization, IMF Occasional Paper 264, 2008), and imposing restrictions on capital mobility means foregoing, at least in part, these benefits, owing to the distortions and resource misallocation that controls give rise to (see Edwards and Ostry, 1992, for an example of how capital controls interact with other distortions in the economy). 
538 |a Mode of access: Internet 
700 1 |a Chamon, Marcos. 
700 1 |a Ghosh, Atish. 
700 1 |a Habermeier, Karl. 
830 0 |a IMF Staff Position Notes; Staff Position Note ;  |v No. 2010/004 
856 4 0 |z Full text available on IMF  |u https://elibrary.imf.org/openurl?genre=journal&issn=2617-6742&volume=2010&issue=004  |z IMF e-Library