Increasing Resilience to Large and Volatile Capital Flows—The Role of Macroprudential Policies

Nopic
Capital flows can deliver substantial benefits for countries, but also have the potential to contribute to a buildup of systemic financial risk. Benefits, such as enhanced investment and consumption smoothing, tend to be greater for countries whose financial and institutional development enables them to intermediate capital flows safely. ... READ MORE...

Publication date: May 2017
ISBN 9781498346696
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