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Capital Flows and Macroeconomic Policy in Emerging Economies

Agosin, Manuel R.

In emerging economies, capital flows are large relative to the domestic economy and very volatile, making the normal tasks of macroeconomic management exceedingly difficult. This paper argues in favor of explicit policies to regulate the size and volatility of capital flows into developing economies. The paper also derives implications for exchange rate, monetary, and fiscal policies and for banking regulation.

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More About This Work

Academic Units
Initiative for Policy Dialogue
Publisher
Initiative for Policy Dialogue
Series
Initiative for Policy Dialogue Working Paper Series
Published Here
February 1, 2010

Notes

The opinions expressed in these papers represent those of the author(s) and not The Initiative for Policy Dialogue. These papers are unpublished and have not been peer reviewed. Please do not cite without explicit permission from the author(s).

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