Review of The Institutional View on The Liberalization and Management of Capital Flows — Background Note on Using the IPF Analytical Toolkit to Enhance Policy Assessments

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 4 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Review of The Institutional View on The Liberalization and Management of Capital Flows — Background Note on Using the IPF Analytical Toolkit to Enhance Policy Assessments by : Marcin Kolasa

Download or read book Review of The Institutional View on The Liberalization and Management of Capital Flows — Background Note on Using the IPF Analytical Toolkit to Enhance Policy Assessments written by Marcin Kolasa and published by International Monetary Fund. This book was released on 2022-03-30 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: Insights from the IPF workstream can help guide the appropriate policy mix during an inflow surge, based on the shock and country characteristics. Inflow surges may be caused by a range of shocks and can take different forms in different countries. The IPF models suggest that warranted macroeconomic policy adjustments depend on the nature of the shock and country characteristics. The IPF models point to shocks and country characteristics that make it difficult to effectively respond to surges using only macroeconomic policy and exchange rate adjustment. The IPF models also suggest that, in the presence of overheating and overvaluation, the use of FXI and CFMs can enhance monetary autonomy in certain circumstances without generating other distortions. The relative costs and benefits of FXI and CFMs depend on country-specific factors. The IPF models also illustrate how surges can lead to a build-up of systemic financial risks. The IPF workstream connects the appropriate mix of MPMs and CFM/MPMs to the structure of the country's financial system.

Review of The Institutional View on The Liberalization and Management of Capital Flows

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 98 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Review of The Institutional View on The Liberalization and Management of Capital Flows by : International Monetary Fund

Download or read book Review of The Institutional View on The Liberalization and Management of Capital Flows written by International Monetary Fund and published by International Monetary Fund. This book was released on 2022-03-30 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Institutional View (IV) on the Liberalization and Management of Capital Flows, adopted in 2012, provides the basis for consistent advice, and where relevant, assessments on policies related to capital flows. This paper reviews the IV, informed by advances in research, notably the work on an Integrated Policy Framework (IPF), the findings of the 2020 evaluation by the Independent Evaluation Office (IEO) on IMF Advice on Capital Flows, and staff’s experience with the implementation of the IV. The core premises and objectives of the IV remain unchanged. The IV rests on the premises that capital flows are desirable as they can bring substantial benefits for countries, and that capital flow management measures (CFMs) can be useful in certain circumstances but should not substitute for warranted macroeconomic adjustment. With those premises in mind, the IV aims to help countries reap the benefits of capital flows, while managing the associated risks in a way that preserves macroeconomic and financial stability and does not generate significant negative outward spillovers.

Review of The Institutional View on The Liberalization and Management of Capital Flows — Background Note on Capital Flows and Capital Flow Management Measures — Benefits and Costs

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Review of The Institutional View on The Liberalization and Management of Capital Flows — Background Note on Capital Flows and Capital Flow Management Measures — Benefits and Costs by : Gurnain Kaur Pasricha

Download or read book Review of The Institutional View on The Liberalization and Management of Capital Flows — Background Note on Capital Flows and Capital Flow Management Measures — Benefits and Costs written by Gurnain Kaur Pasricha and published by International Monetary Fund. This book was released on 2022-03-30 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fund’s Institutional View (IV) recognizes the benefits of and risks associated with capital flows. Since the IV was adopted, a growing literature has provided additional insights into the benefits and risks from capital flows. This note summarizes the insights from the recent literature and the experiences of staff since the adoption of the IV that have informed this review.

Review of The Institutional View on The Liberalization and Management of Capital Flows — Background Note on Assessing Systemic Financial Stability Risks Due to FX Mismatches

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 18 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Review of The Institutional View on The Liberalization and Management of Capital Flows — Background Note on Assessing Systemic Financial Stability Risks Due to FX Mismatches by : International Monetary Fund

Download or read book Review of The Institutional View on The Liberalization and Management of Capital Flows — Background Note on Assessing Systemic Financial Stability Risks Due to FX Mismatches written by International Monetary Fund and published by International Monetary Fund. This book was released on 2022-03-30 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: This note outlines the approach of the proposed revision to the Institutional View (IV) when assessing whether systemic financial stability risks are elevated due to foreign currency (FX) mismatches. The approach builds on the staff guidance regarding risk assessments in bilateral surveillance, while allowing for flexibility to draw on future advances in best practice. This note proposes a two-step approach to assess systemic risks from FX mismatches. This note is organized as follows. Section II outlines the sources of systemic risks stemming from FX debt and potential amplification channels. Section III outlines the risk assessment approach in practice and Section IV concludes.

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

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 6 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis 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 by : Mr. Heedon Kang

Download or read book 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 written by Mr. Heedon Kang and published by International Monetary Fund. This book was released on 2022-03-30 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Guidance Note for the Liberalization and Management of Capital Flows

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498341926
Total Pages : 33 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Guidance Note for the Liberalization and Management of Capital Flows by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book Guidance Note for the Liberalization and Management of Capital Flows written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2013-04-25 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: This note provides operational guidance to staff for how to use the Fund’s institutional view on the liberalization and management of capital flows. The institutional view is a consistent basis for providing policy advice on capital flows and policies related to them and assessments when required for surveillance. In the absence of an institutional view, country teams risk providing inconsistent advice to countries in similar circumstances (IEO, 2005). The view does not have mandatory implications for Fund-supported programs or technical assistance. It does not alter members’ rights and obligations under the Fund’s Articles of Agreement or under any other international agreements. The institutional view and guidance will evolve over time to reflect new experience, emerging views of authorities and staff, and research. Staff teams are encouraged to reflect useful lessons from authorities’ experiences with capital flow liberalization and management in Fund reports so that these experiences can continue to influence the Fund’s approach to these issues.

The Liberalization and Management of Capital Flows - An Institutional View

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Publisher : International Monetary Fund
ISBN 13 : 1498339611
Total Pages : 49 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis The Liberalization and Management of Capital Flows - An Institutional View by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book The Liberalization and Management of Capital Flows - An Institutional View written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2012-04-11 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: Capital flows have increased significantly in recent years and are a key aspect of the global monetary system. They offer potential benefits to countries, but their size and volatility can also pose policy challenges. The Fund needs to be in a position to provide clear and consistent advice with respect to capital flows and policies related to them. In 2011, the International Monetary and Financial Committee (IMFC) called for ?further work on a comprehensive, flexible, and balanced approach for the management of capital flows.? This paper proposes an institutional view to underpin this approach, drawing on earlier Fund policy papers, analytical work, and Board discussions on capital flows.

Capital Flows - Review of Experience with the Institutional View

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Publisher : International Monetary Fund
ISBN 13 : 1498345050
Total Pages : 61 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Capital Flows - Review of Experience with the Institutional View by : International Monetary Fund. Legal Dept.

Download or read book Capital Flows - Review of Experience with the Institutional View written by International Monetary Fund. Legal Dept. and published by International Monetary Fund. This book was released on 2016-07-11 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: Capital flows are an important aspect of the international monetary system. They provide significant benefits, both direct and indirect. At the same time, they also carry risks, and a key challenge for countries is how to harness the benefits while managing the risks. The institutional view on the liberalization and management of capital flows provides the Fund with a basis for consistent advice on policies related to capital flows. This paper reviews countries’ experiences with handling capital flows in the period since the adoption of the IMF’s institutional view in 2012. Based on the experience, it identifies a few areas in which the view would benefit from further clarification or elaboration.

Implementation Plan in Response to The Board

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Publisher : International Monetary Fund
ISBN 13 : 1513593919
Total Pages : 12 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Implementation Plan in Response to The Board by : International Monetary Fund

Download or read book Implementation Plan in Response to The Board written by International Monetary Fund and published by International Monetary Fund. This book was released on 2021-08-10 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: The actions in this document aim at • Bringing the Fund’s framework for advice on capital flow policies up to date with recent research and lessons from experience. • Enhancing and coordinating a Fund-wide research • Ramping up the monitoring and analysis of capital flows. • Strengthening multilateral cooperation on policy issues affecting capital flows.

Toward an Integrated Policy Framework

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Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781513558769
Total Pages : 54 pages
Book Rating : 4.5/5 (587 download)

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Book Synopsis Toward an Integrated Policy Framework by : International Monetary Fund

Download or read book Toward an Integrated Policy Framework written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2020-10-08 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policymakers often face difficult tradeoffs in pursuing domestic and external stabilization objectives. The paper reflects staff’s work to advance the understanding of the policy options and tradeoffs available to policymakers in a systematic and analytical way. The paper recognizes that the optimal path of the IPF tools depends on structural characteristics and fiscal policies. The operational implications of IPF findings require careful consideration. Developing safeguards to minimize the risk of inappropriate use of IPF policies will be essential. Staff remains guided by the Fund’s Institutional View (IV) on the Liberalization and Management of Capital Flows.

Coordinated Portfolio investment Survey

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Publisher : International Monetary Fund
ISBN 13 : 1455216569
Total Pages : 180 pages
Book Rating : 4.4/5 (552 download)

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Book Synopsis Coordinated Portfolio investment Survey by : International Monetary Fund

Download or read book Coordinated Portfolio investment Survey written by International Monetary Fund and published by International Monetary Fund. This book was released on 1997-01-01 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a coordinated portfolio investment survey guide provided to assist national compilers in the conduct of the Coordinated Portfolio Investment Survey, conducted under the auspices of the IMF with reference to the year-end 1997. The guide covers a variety of conceptual issues that a country must address when conducting a survey. It also covers the practical issues associated with preparing for a national survey. These include setting a timetable, taking account of the legal and confidentiality issues raised, developing a mailing list, and maintaining quality control checks.

Thailand: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand

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Publisher : International Monetary Fund
ISBN 13 : 1513573020
Total Pages : 104 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Thailand: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand by : International Monetary

Download or read book Thailand: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand written by International Monetary and published by International Monetary Fund. This book was released on 2021-06-03 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: A nascent recovery is underway in Thailand following the COVID-19 downturn. Ample policy buffers, underpinned by judicious management of public finances, allowed the authorities to implement a multipronged package of fiscal, monetary, and financial policies to mitigate the COVID-19 impact on households, businesses, and the financial system. This, together with rigorous containment measures, led to a successful flattening of the infection curve during most of 2020. Nevertheless, the pandemic has taken a large toll on the economy, potentially inducing long-term scarring and increasing inequality.

The European Union, the World Bank and the Policymaking of Aid

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Publisher : Routledge
ISBN 13 : 1317032799
Total Pages : 267 pages
Book Rating : 4.3/5 (17 download)

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Book Synopsis The European Union, the World Bank and the Policymaking of Aid by : Eugenia Baroncelli

Download or read book The European Union, the World Bank and the Policymaking of Aid written by Eugenia Baroncelli and published by Routledge. This book was released on 2019-01-03 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on the experience of the author, an IPE scholar and former trade policy consultant at the World Bank (WB), the book offers an in-depth exploration of the EU–WB relations, conceptualized as hybrid delegation. Coupling cross-time analyses of their interaction in the regions of the Middle East and North Africa, Europe and Central Asia and Sub-Saharan Africa with an original investigation on the coordination among the EU member states at the Executive Board of the International Bank for Reconstruction and Development over the ‘voice and participation reform’ of 2008–2010, the book advances an innovative theoretical framework to assess the EU–WB joint institutional and field policy performances. Augmented PA models of delegation, role theory and performance analyses are engaged, and selectively recombined, to investigate the nature, evolution and impact of the interactions of the two organizations, both in their everyday and constituent politics. Hybrid delegation-in-motion is reconstructed, against the background of post-Washington Consensus and post-Lisbon EU, to unveil the changing division of labour between the two largest development multilaterals of the new global context. The book will be of interest to scholars, students and practitioners in European Politics, Development, International Relations, International Political Economy and Global Economic Governance.

Development Economics

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Publisher : Routledge
ISBN 13 : 1000378535
Total Pages : 573 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis Development Economics by : Alain de Janvry

Download or read book Development Economics written by Alain de Janvry and published by Routledge. This book was released on 2021-05-30 with total page 573 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second edition of Development Economics: Theory and Practice continues to provide students and practitioners with the perspectives and tools they need to think analytically and critically about the current major economic development issues in the world. Alain de Janvry and Elisabeth Sadoulet identify seven key dimensions of development—growth, poverty, vulnerability, inequality, basic needs, sustainability, and quality of life—and use them to structure the contents of the text. The book gives a historical perspective on the evolution of thought in development. It uses theory and empirical analysis to present readers with a full picture of how development works, how its successes and failures can be assessed, and how alternatives can be introduced. The authors demonstrate how diagnostics, design of programs and policies, and impact evaluation can be used to seek new solutions to the suffering and violence caused by development failures. In the second edition, more attention has been given to ongoing developments, such as: pursuit of the Sustainable Development Goals continuously rising global and national inequality health as a domestic and international public good cash transfers for social protection carbon trading for sustainability This text is fully engaged with the most cutting-edge research in the field and equips readers with analytical tools for impact evaluation of development programs and policies, illustrated with numerous examples. It is underpinned throughout by a wealth of student-friendly features, including case studies, quantitative problem sets, end-of-chapter questions, and extensive references. Excel and Stata exercises are available as digital supplements for students and instructors. This unique text is ideal for those taking courses in development economics, economic growth, and development policy, and will provide an excellent foundation for those wishing to pursue careers in development.

Financing for Sustainable Development Report 2021

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Publisher : UN
ISBN 13 : 9789211014426
Total Pages : 208 pages
Book Rating : 4.0/5 (144 download)

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Book Synopsis Financing for Sustainable Development Report 2021 by : United Nations

Download or read book Financing for Sustainable Development Report 2021 written by United Nations and published by UN. This book was released on 2021-05-30 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report assesses progress in implementing the commitments and actions in the Addis Ababa Action Agenda. The global economic recession and financial turmoil from COVID-19 (coronavirus) are derailing implementation of the Agenda and achievement of the Sustainable Development Goals (SDGs). Even before the pandemic, the 2020 Financing for Sustainable Development Report (FSDR) of the Inter-agency Task Force noted that there was backsliding in many areas. Due to the crisis, global financial markets have witnessed heavy losses and intense volatility. Particularly worrisome is the prospect of a new debt crisis. The FSDR highlights both immediate and longer-term actions, including arresting the backslide, to respond to the COVID-19 crisis. Recommendations are included in the report.

Pathways for Peace

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Publisher : World Bank Publications
ISBN 13 : 1464811865
Total Pages : 334 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Pathways for Peace by : United Nations;World Bank

Download or read book Pathways for Peace written by United Nations;World Bank and published by World Bank Publications. This book was released on 2018-04-13 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: Violent conflicts today are complex and increasingly protracted, involving more nonstate groups and regional and international actors. It is estimated that by 2030—the horizon set by the international community for achieving the Sustainable Development Goals—more than half of the world’s poor will be living in countries affected by high levels of violence. Information and communication technology, population movements, and climate change are also creating shared risks that must be managed at both national and international levels. Pathways for Peace is a joint United Nations†“World Bank Group study that originates from the conviction that the international community’s attention must urgently be refocused on prevention. A scaled-up system for preventive action would save between US$5 billion and US$70 billion per year, which could be reinvested in reducing poverty and improving the well-being of populations. The study aims to improve the way in which domestic development processes interact with security, diplomacy, mediation, and other efforts to prevent conflicts from becoming violent. It stresses the importance of grievances related to exclusion—from access to power, natural resources, security and justice, for example—that are at the root of many violent conflicts today. Based on a review of cases in which prevention has been successful, the study makes recommendations for countries facing emerging risks of violent conflict as well as for the international community. Development policies and programs must be a core part of preventive efforts; when risks are high or building up, inclusive solutions through dialogue, adapted macroeconomic policies, institutional reform, and redistributive policies are required. Inclusion is key, and preventive action needs to adopt a more people-centered approach that includes mainstreaming citizen engagement. Enhancing the participation of women and youth in decision making is fundamental to sustaining peace, as well as long-term policies to address the aspirations of women and young people.

Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries

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Publisher : International Monetary Fund
ISBN 13 : 1498344062
Total Pages : 74 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries by : International Monetary Fund

Download or read book Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-10-23 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past two decades, many low- and lower-middle income countries (LLMICs) have improved control over fiscal policy, liberalized and deepened financial markets, and stabilized inflation at moderate levels. Monetary policy frameworks that have helped achieve these ends are being challenged by continued financial development and increased exposure to global capital markets. Many policymakers aspire to move beyond the basics of stability to implement monetary policy frameworks that better anchor inflation and promote macroeconomic stability and growth. Many of these LLMICs are thus considering and implementing improvements to their monetary policy frameworks. The recent successes of some LLMICs and the experiences of emerging and advanced economies, both early in their policy modernization process and following the global financial crisis, are valuable in identifying desirable features of such frameworks. This paper draws on those lessons to provide guidance on key elements of effective monetary policy frameworks for LLMICs.