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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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2010
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Schriftenreihe: | IMF Staff Position Notes
Staff Position Note No. 2010/04 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | 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) |
Beschreibung: | 1 Online-Ressource (29 p) |
ISBN: | 1462347517 9781462347513 |
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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) | |
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record_format | marc |
series2 | IMF Staff Position Notes |
spelling | Ostry, Jonathan David Verfasser aut Capital Inflows The Role of Controls Ostry, Jonathan David Washington, D.C International Monetary Fund 2010 1 Online-Ressource (29 p) txt rdacontent c rdamedia cr rdacarrier IMF Staff Position Notes Staff Position Note No. 2010/04 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) Online-Ausg Chamon, Marcos Sonstige oth Ghosh, Atish R. Sonstige oth Habermeier, Karl Friedrich Sonstige oth Qureshi, Mahvash Saeed Sonstige oth Reinhardt, Dennis B. S. Sonstige oth http://elibrary.imf.org/view/IMF004/10708-9781462347513/10708-9781462347513/10708-9781462347513.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Ostry, Jonathan David Capital Inflows The Role of Controls |
title | Capital Inflows The Role of Controls |
title_auth | Capital Inflows The Role of Controls |
title_exact_search | Capital Inflows The Role of Controls |
title_exact_search_txtP | Capital Inflows The Role of Controls |
title_full | Capital Inflows The Role of Controls Ostry, Jonathan David |
title_fullStr | Capital Inflows The Role of Controls Ostry, Jonathan David |
title_full_unstemmed | Capital Inflows The Role of Controls Ostry, Jonathan David |
title_short | Capital Inflows |
title_sort | capital inflows the role of controls |
title_sub | The Role of Controls |
url | http://elibrary.imf.org/view/IMF004/10708-9781462347513/10708-9781462347513/10708-9781462347513.xml |
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