One-Size-Fits-One : Tailor-Made Fiscal Responses to Capital Flows / Daria Zakharova.

Format:

Book

Government document

Author/Creator:

Zakharova, Daria.

Series:

IMF Working Papers; Working Paper ; No. 2008/269

IMF working paper ; WP/08/269

IMF Working Papers

Language:

English

Subjects (All):

Capital movements.

Fiscal policy.

Physical Description:

1 online resource (29 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2008.

Language Note:

English

Summary:

This paper surveys policy responses in recent years to capital inflows in a diverse group of countries that are represented by the Netherlands at the IMF Executive Board. Based on the findings from cross-country empirical literature, the paper distills some guiding principles for policy responses to excessive capital inflows, depending on country-specific circumstances and with a particular focus on fiscal policy. In addition to considering the conventional macroeconomic and structural policy tools, the paper also discusses the role of microfiscal policies in affecting the size and the composition of capital inflows. While conditions in these countries have changed very recently, the policy principles remain salient.

Contents:

Tables; I.Introduction; II.Capital Inflows in the G-11 Countries; A. Recent Experience and Stylized Facts; B. Policy Response to Capital Inflows; III.Tailoring Policy Response to Country-Specific Circumstances; A. Managing Temporary Capital Inflows

B. Responding to Persistent Capital Inflows: The Role of Fiscal Policy C. Mitigating the Risks of Excessive Capital Inflows; IV. Conclusion; References

Notes:

Description based upon print version of record.

Includes bibliographical references.

Description based on online resource; title from PDF front page (ebrary, viewed February 26, 2014).

ISBN:

9786612842207

9781462340651

1462340652

9781452778334

1452778337

9781451871272

1451871279

9781282842205

128284220X

OCLC:

456103403