Taming the Tide of Capital Flows: A Policy Guide

— —

Atish R. Ghosh (Chief, Policy Review Division, Policy Development and Review Department, International Monetary Fund) Jonathan D. Ostry

Taming the Tide of Capital Flows

A Policy Guide

Atish R. Ghosh (Chief, Policy Review Division, Policy Development and Review Department, International Monetary Fund), Jonathan D. Ostry, Mahvash S. Qureshi (International Monetary Fund)

$110

Hardback

Not in-store but you can order this
How long will it take?

Availability Information

We source books from suppliers in Australia and overseas. For books we don't currently have in stock, the time it takes to get them from our suppliers can vary widely - from a few days to a few months - so we check each book with each supplier to determine the expected time it will take to be supplied to us.

We then advise you accordingly. If the time taken to get any book is too long for you, you can let us know and we will cancel or adjust your order, and refund as required.

To find out the anticipated arrival time for specific items prior to ordering, please contact us by phone or email:

Phone +61 2 9264 3111, or 1800 4 BOOKS (1800 4 26657) if outside Sydney:
option 1 Abbey's Bookshop (Crime, History, Science, Kids & more) • info@abbeys.com.au
option 2 Language Book Centre (ESL & Foreign Languages) • language@abbeys.com.au
option 3 Galaxy Bookshop (Sci-fi, Fantasy, Romance, Graphic Novels) • sf@galaxybooks.com.au

QTY:

English

MIT Press
12 January 2018

Macroeconomics; Political economy

Series: Taming the Tide of Capital Flows

A comprehensive examination of policy measures intended to help emerging markets contend with large and volatile capital flows.

While always episodic in nature, capital flows to emerging market economies have been especially volatile since the global financial crisis. After peaking at $680 billion in 2007, flows to emerging markets turned negative at the onset of crisis in 2008, then rebounded only to recede again during the U.S. sovereign debt downgrade in 2011. Since then, flows have continued to swing wildly, leaving emerging market policy makers wondering whether they can put in place policies during the inflow phase that will soften the blow when flows subsequently recede. This book offers the first comprehensive treatment of policy measures intended to help emerging markets contend with large and volatile capital flows.

The authors, all IMF experts, explain that, in the spirit of liberalization and deregulation in the 1980s and 1990s, many emerging market governments eliminated capital inflow controls along with outflow controls. By 2012, however, capital inflow controls were again acknowledged as legitimate policy tools. Focusing on the macroeconomic and financial-stability risks associated with capital flows, the authors combine theoretical and empirical analysis to consider the interaction between monetary, exchange rate, macroprudential, and capital control policies to mitigate these risks. They examine the effectiveness of various policy tools, discuss the practical considerations and multilateral implications of their use, and provide concrete policy advice for dealing with capital inflows.

By: Atish R. Ghosh (Chief Policy Review Division Policy Development and Review Department International Monetary Fund), Jonathan D. Ostry, Mahvash S. Qureshi (International Monetary Fund)
Imprint: MIT Press
Country of Publication: United States
Dimensions: Height: 229mm, Width: 152mm, Spine: 24mm
ISBN: 9780262037167
ISBN 10: 0262037165
Series: Taming the Tide of Capital Flows
Pages: 488
Publication Date: 12 January 2018
Recommended Age: From 18 years
Audience: Professional and scholarly , Undergraduate
Format: Hardback
Publisher's Status: Inactive

Atish R. Ghosh is the Historian of the International Monetary Fund.Ghosh is coauthor (with Holger C. Wolf and Anne-Marie Gulde) of Exchange Rate Regimes- Choice and Consequences (MIT Press, 2003). Jonathan D. Ostry is Deputy Director of the Research Department of the International Monetary Fund. Mahvash S. Qureshi is Deputy Chief of the Systemic Issues Division in the Research Department of the International Monetary Fund.