Managing the Tide

How Do Emerging Markets Respond to Capital Flows?

Managing the Tide
This paper examines whether—and how—emerging market economies (EMEs) respond to capital flows to mitigate their untoward consequences. Based on a sample of about 50 EMEs over 2005Q1–2013Q4, we find that EME policy makers respond proactively to capital inflows by using a combination of policy tools: central banks raise the... READ MORE...

Publication date: March 2017
ISBN 9781475589207
$18.00

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