October 05, 2011
The Liberalization and Management of Capital Flows — An Institutional View; November 14, 2012
- Paper
- PIN
- IMF Survey article
Effects of Capital Flow Liberalization—What is the Evidence from Recent Experiences of Emerging Market Economies?; Saadi Sedik and Sun; November 16, 2012
Long-Run and Short-Run Determinants of Sovereign Bond Yields in Advanced Economies; Poghosyan; November 8, 2012
FX Funding Risks and Exchange Rate Volatility–Korea's Case; Ree; Yoon,and Park; November 7, 2012
The Effectiveness of Monetary Policy Transmission Under Capital Inflows: Evidence from Asia; Jain-Chandra, and Unsal; November 2, 2012
The Domestic Credit Supply Response to International Bank Deleveraging: Is Asia Different?; Aiyar and Jain-Chandra; October 26, 2012
Communiqué of the Twenty-Sixth Meeting of the International Monetary and Financial Committee (IMFC); October 13, 2012
IMF Managing Director's Global Policy Agenda for the IMFC Meeting; October 2012
The Role of Risk and Information for International Capital Flows: New Evidence from the SDDS; Hashimoto; October 5, 2012
External Imbalances in the Euro Area; Milesi-Ferretti and Tressel; September 28, 2012
Multilateral Aspects of Managing the Capital Account; Ostry, Ghosh and Korinek; September 7, 2012
- Paper
- Blog
The Pre-Crisis Capital Flow Surge to Emerging Europe: Did Countercyclical Fiscal Policy Make a Difference?; Atoyan, Jaeger and Smith; September 1, 2012
Private Information, Capital Flows, and Exchange Rates; Gyntelberg, Loretan and Tientip; August 1, 2012
International Capital Flows and Debt Dynamics; Evans; July 1, 2012
Riding Global Financial Waves: The Economic Impact of Global Financial Shocks on Emerging Market Economies; Adler and Tovar Mora; July 1, 2012
Leverage? What Leverage? A Deep Dive into the U.S. Flow of Funds in Search of Clues to the Global Crisis; Bhatia and Bayoumi; June 1, 2012
Reforming the Economic System ; Podcast by Martin Wolf; June 8, 2012
Externalities and Macro-Prudential Policy; De Nicoló, Favara and Ratnovski; June 7, 2012
RMB Internationalization: Onshore/Offshore Links; Maziad and Kang; May 12, 2012
Liberalizing Capital Flows and Managing Outflows; May 4, 2012
- Paper
- PIN
- Background Paper
Surging Capital Flows to Emerging Asia: Facts, Impacts, and Responses; Balakrishnan, Nowak, Panth, and Wu; May 1, 2012
Capital Inflows, Financial Development, and Domestic Investment: Determinants and Inter-Relationships; Luca and Spatafora; May 1, 2012
Foreign Banks and the Vienna Initiative: Turning Sinners into Saints?; De Haas, Korniyenko, Loukoianova and Pivovarsky; May 1, 2012
Communiqué of the Twenty-Fifth Meeting of the IMFC; April 21, 2012
Managing Director's Action Plan to the International Monetary and Financial Committee; April 18, 2012
Managing Director's Consolidated Multilateral Surveillance Report to the International Monetary and Financial Committee; April 15, 2012
An Integrated Framework for Financial Positions and Flows on a From-Whom-to-Whom Basis: Concepts, Status, and Prospects; Shrestha, Mink and Fassler; February 1, 2012
Coincident Indicators of Capital Flows; Miao and Pant; February 1, 2012
Capital Inflows, Exchange Rate Flexibility, and Credit Booms; Magud, Reinhart and Vesperoni; February 1, 2012
Shifting Motives: Explaining the Buildup in Official Reserves in Emerging Markets since the 1980s; Ghosh, Ostry and Tsangarides; January 1, 2012
Surges; Ghosh, Kim, Qureshi and Zalduendo; January 1, 2012
Foreign Banks: Trends, Impact and Financial Stability; Claessens and Horen; January 1, 2012
The Multilateral Aspects of Policies Affecting Capital Flows; November 29, 2011
- Main paper
- Background paper
- Public Information Notice
- IMF Survey Article
The New Economics of Capital Controls Imposed for Prudential Reasons; Korinek; December 1, 2011
Twelfth Jacques Polak Annual Research Conference: Monetary and Macroprudential Policies; November 10-11, 2011
Internationalization of Emerging Market Currencies: A Balance Between Risks and Rewards; Maziad, Farahmand, Wang, Segal and Ahmed; October 19, 2011
Financial Deepening and International Monetary Stability; Goyal, Marsh, Raman, Wang and Ahmed; October 19, 2011
Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System (IMF Book Event); Eichengreen; October 19, 2011
- Event page
- IMF Survey Article
Does G-4 Liquidity Spill Over?; Psalida and Sun; October 1, 2011
Communiqué of the 24th Meeting of the IMFC: Collective Action for Global Recovery; September 25, 2011
The Managing Director’s Action Plan to the IMFC; September 24, 2011
Consolidated Multilateral Surveillance Report; September 2011
The IMF and the International Monetary System: Lessons from the Crisis (Per Jacobsson Foundatation Lecture); Weber; September 25, 2011
- Text of the lecture
- Video of event
The Effectiveness of Capital Controls and Prudential Policies in Managing Large Inflows; Habermeier, Kokenyne and Baba; August 2011
What I learnt in Rio: Discussing ways to manage capital flows; Olivier Blanchard; June 2011
Managing Capital Flows in Emerging Markets; Min Zhu; May 2011
Summoning the Will to Act; Lipsky; May 2011
Panel Calls for a Greater Asian Role in International System; IMF Survey; May 2011
Capital Flows to Asia: Comparison with Previous Experience and Monetary Policy Options; Regional Economic Outlook: Asia and Pacific—Chapter II; April 2011
Recent Experiences in Managing Capital Inflows—Cross-Cutting Themes and Possible Policy Framework; April 2011
- Public Information Notice
- Main Paper
- Supplement
- Statement by the Managing Director
Managing Capital Inflows: What Tools to Use?; April 2011
Strengthening the International Monetary System - Taking Stock and Looking Ahead; March 2011
The Fund’s Role Regarding Cross Border Capital Flows; November 2010
Capital Inflows: The Role of Controls; J. Ostry, A. Ghosh, K. Habermeier, M. Chamon, M. S. Qureshi and D. B. S. Reinhardt; February 2010
How Linkages Fuel the Fire: The Transmission of Financial Stress from Advanced to Emerging Economies (World Economic Outlook; April 2009, Chapter 4, 133–170)
The Quality of Domestic Financial Markets and Capital Inflows (Global Financial Stability Report, October 2007, Chapter 3, 77–109)
Changes in the International Investor Base and Implications for Financial Stability (Global Financial Stability Report, April 2007, Chapter 2, 63–97)
Advanced Country Experiences with Capital Account Liberalization: Overview only; Bakker and Chapple; September 2002
Capital Account Liberalization and Financial Sector Stability: Overview only; Ishii and Habermeier; April 2002
Moderating Fluctuations in Capital Flows to Emerging Market Economies; Mussa, Swoboda, Zettelmeyer and Jeanne in "Reforming the International Monetary and Financial System: Proceedings of a conference held in Washington, DC—May 28-29, 1999", 2000)
Final Communiqué of the Meetings of the G-20 Finance Ministers and Central Bank Governors Mexico City; November 5, 2012
Global Prospects and Policy Challenges - Note for Meetings of the G-20 Finance Ministers and Central Bank Governors Mexico City; November 4-5, 2012
G20 Leaders' Declaration; Los Cabos, Mexico; June 9, 2011
Statement by IMF Managing Director Christine Lagarde on the G-20 Cannes Summit; Cannes; November 4, 2011
G20 Cannes Summit Final Declaration; Cannes; November 4, 2011
G20 Leaders Summit Final Communiqué; Cannes; November 4, 2011
G-20 Coherent Conclusions for the Management of Capital Flows Drawing on Country Experiences
G-20 Action Plan for Development of Local Currency Bond Markets
2011 Staff Reports for the G-20 Mutual Assessment Process (MAP)
Communiqué of Finance Ministers and Central Bank Governors of the G-20; Paris, October 15, 2011
- English
- Français
Global Economic Prospects and Policy Challenges; Written for the Meeting of the G-20 Finance Ministers and Central Bank Governors, Paris; October 14-15, 2011
Did the Indian capital controls work as a tool of macroeconomic policy?; Patnaik and Shah; November 20, 2012
Currency intervention as global monetary easing: The case of Japan in 2003-04; Gerlach-Kristen, McCauley, and Ueda; November 7, 2012
U.S. Monetary Policy and International Implications; Bernanke; October 14, 2012
Banks and cross-border capital flows: Policy challenges and regulatory responses; Brunnermeier, De Gregorio, Lane, Rey and Shin; October 7, 2012
- Summary
- eReport
The Federal Reserve and Currency Wars; Ocampo; October 2, 2012
Global Liquidity: Concepts, Measurements and Implications from a Monetary Policy Perspective; ECB Monthly Bulletin; pp. 55–68; October 2012.
Interdependence and contagion in global asset markets; Beirne and Gieck; October 1, 2012
The Wisdom of Silence; Eichengreen; September 27, 2012.
International rules for capital controls; John Williamson, Olivier Jeanne, Arvind Subramanian; June, 11 2012.
Developing countries' financial vulnerability to the euro crisis: An event study of equity and bond markets -- Abstract only, access to full paper for subscribers; Aizenman, Jinjarak, Lee and Park; May 2012
Comparing the Recent Financial Crisis in the United States and the Euro Area with the Experience of Japan in the 1990s; ECB Monthly Bulletin; p.95-112; May 2012.
Country Size, Currency Unions, and International Asset Returns -- Abstract only, access to full paper for subscribers; Hassan; May 2012
Bubble Thy Neighbor: Portfolio Effects and Externalities from Capital Controls -- Abstract only, access to full paper for subscribers; Forbes, Fratzscher, Kostka and Straub; May 2012
CEPR: Excessive risk-taking by banks: A new eReport; March 30, 2012
- Introduction
- eReport
Euro-area cross border financial flows; ECB Monthly Bulletin; February 2012, pp. 105–118
Global liquidity and its international repercussions; Coeuré; Feb 6, 2012
Foreign banks and the global financial crisis–Investment and lending behaviour; Claessens and van Horen; January 31, 2012
Report of the IEFS panel on "Financial Integration and Global Rebalancing"; Chinn; January 9, 2012
Apart from the fiscal compact – on competitiveness, nominal wages and labour productivity; Peeters and den Reijer; January 3, 2012
The New International Economic Disorder; El-Erian; December 21, 2011
The future of international capital flows; Speller and Thwaites; December 21, 2011
Reform of the international monetary and financial system; Bush and Farrant; December 21, 2011
Global savings glut or global banking glut?; Shin; December 20, 2011
Growth from international capital flows: The role of volatility regimes; Mody and Murshid; November 27, 2011
How can the impossible trinity not apply to Asia?; Grenville; November 26, 2011
On the tradeoff between growth and stability: The role of financial markets; Alexander Popov and Frank Smets; November 3, 2011
Capital flows and economic growth in the era of financial integration and crisis, 1990–2010; Joshua Aizenman, Yothin Jinjarak and Donghyun Park; October 28, 2011
The Financial Crisis in the Light of the Euro Area Accounts: A Flow-of-Funds Perspective -- ECB Monthly Bulletin; October 2011, pp, 99–120
Managing financial integration and capital mobility; Aizenmann and Pinto; October 4, 2011
Global imbalances: current accounts and financial flows; Cecchetti; September 27, 2011
Greece: The sudden stop that wasn’t; Tornell and Westermann; September 28, 2011
Reforming the International Monetary System; Farhi, Gourinchas and Rey; September 19, 2011
- e-Book
- Article
The 2008-09 Global Financial Crisis: Lessons for Country Vulnerability Frankel; September 18, 2011
Sovereigns, Upstream Capital Flows and Global Imbalances (September 2011) -- Abstract only, access to full paper for subscribers; Alfaro, Kalemli-Ozcan and Volosovych; September 2011
Managing exchange rate misalignment and current account imbalances -- ECB Research Bulletin; Dedola; Summer 2011, pp. 2-7
Push factors versus pull factors as drivers of global capital flows; Fratzscher; August 2011
On the International Transmission of Shocks: Micro-Evidence from Mutual Fund Portfolios -- Abstract only, access to full paper for subscribers; Raddatz and Schukler; August 2011
Liquidity management of U.S. global banks: Internal capital markets in the great recession -- Abstract only, access to full paper for subscribers; Cetorelli and Goldberg; August 2011
Capital Flow Waves: Surges, Stops, Flight, and Retrenchment -- Abstract only, access to full paper for subscribers; Forbes and Warnock; August 2011
ABS Inflows to the United States and the Global Financial Crisis -- Abstract only, access to full paper for subscribers; Bertaut, DeMarco, Kamin and Tyron; August 2011
Captial Flows: Catalyst or Hindrance to Economic Takefoffs -- Abstract only, access to full paper for subscribers; Aizenman, J., and Sushko, V.; July 2011
Capital flows, push versus pull factors and the global financial crisis; Fratzscher, M.; July 2011
The capital flow conundrum; Dadush, U. and Stancil, B.; July 2011
Common Sense on Capital Controls; Velasco, A.; June 2011
A Post-Crisis World of Risk; Spence, M; June 2011
Capital Flow Waves: Surges, Stops, Flight and Retrenchment; Forbes, Kristin J. and Warnock, Francis E; June 2011
The Outlook for International Monetary System Reform in 2011: A Preliminary Report Card; Truman; May 2011
Policy discipline and spillovers in an inter-connected global economy; Subbarao; May 2011
Towards a multi-polar currency and reserve system; Trairatvorakul; May 2011
Why are reserves so big? And who’s to blame?; Dadush and Stancil; May 2011
The IMF’s Switch in Time; Stiglitz; May 2011
Global imbalances and the paradox of thrift; Corden; April 2011
Reform of the international monetary system: Some concrete steps; Bénassy-Quéré, Pisani-Ferry and Yu; March 2011
US monetary policy and the savings glut; Mees; March 2011
Low interest rates and housing booms: The role of capital inflows, monetary policy, and financial innovation; Sá, Towbin, Wielade; March 2011
Another voyage round the EM debt galaxy -- Abstract only, full text requires subscription; FT Alphaville; March 2011
International Symposium on “Regulation in the face of global imbalances”; Banque De France; March 2011
Global Imbalances and Financial Stability; Banque De France; February 2011
International Capital Flows and the Returns to Safe Assets in the United States, 2003-2007; Bernanke, Bertaut, DeMarco and Kamin; February 2011
Capital Controls: Myth and Reality - A Portfolio Balance Approach -- Abstract only, full text requires subscription; Magud, Reinhart and Rogoff; February 2011
International Risk Sharing in the Short Run and in the Long Run -- Abstract only, full text requires subscription; Baxter; February 2011
International Macro-finance; Pavlova and Rigobon; February 2011
Rethinking the Effects of Financial Liberalization -- Abstract only, full text requires subscription; Broner and Ventura; December 2010
New Rules for Hot Money; Roubini; December 2010
Regulating Capital Flows: Design and Implementation Issues; Korinek; November 2010
Dealing with volatile capital flows: The case for collective action; Truman; May 2010
Regulating Capital Flows to Emerging Markets: An Externality View; Korinek; May 2010
Capital Flows, Crises and Externalities: A Primer; Korinek; April 2010
Capital Account Liberalization: Theory, Evidence and Speculation; Henry, P. B; December 2007