{"id":19277,"date":"2014-05-26T08:40:39","date_gmt":"2014-05-26T12:40:39","guid":{"rendered":"https:\/\/www.bu.edu\/pardee\/?page_id=19277"},"modified":"2014-08-03T05:56:14","modified_gmt":"2014-08-03T09:56:14","slug":"regulatingcapitalflowsworkingpaper","status":"publish","type":"page","link":"https:\/\/www.bu.edu\/pardee\/research\/global-economic-governance-2\/regulatingcapitalflowsworkingpaper\/","title":{"rendered":"\"GEGI_BUbrick_noBU_300x50\"<\/a>"},"content":{"rendered":"
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Regulating Capital Flows in
\nEmerging Markets:
\nthe IMF and the Global Financial Crisis<\/h1>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

GEGI Working Paper Series<\/h2>\n

By\u00a0Kevin P. Gallagher and Yuan Tian<\/b>
\nMay 2014<\/p>\n

Download:\u00a0Regulating Capital Flows in Emerging Markets: the IMF and the Global Financial Crisis
\n<\/a>Regression Tables<\/a><\/p>\n

Abstract<\/strong><\/p>\n

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In the wake of the financial crisis the International Monetary Fund (IMF) began to publicly express support for what have traditionally been referred to as \u2018capital controls\u2019.\u00a0 In addition to public statements, the IMF underwent a systematic re-evaluation of Fund policy on the matter, and published an official view on the economics of capital flows.\u00a0 In this view the IMF concluded that capital account liberalization is not always the most optimal policy and that there are situations where capital controls\u2014rebranded as \u2018capital flow management measures\u2019\u2014are appropriate.\u00a0 This paper empirically examines the extent to which the change in IMF discourse on these matters has resulted in significant changes in IMF policy advice.\u00a0 To answer this question we create a database of IMF Article IV reports and examine whether the financial crisis had an independent impact on IMF support for capital controls.\u00a0 We find that the IMF\u2019s level of support for capital controls has increased as a result of the crisis and as the vulnerabilities associated with capital flows accentuate.<\/p>\n

Article Summary on Third World Network (Page 4):<\/strong>\u00a0Practising what they Preach? The IMF and Capital Controls<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Regulating Capital Flows in Emerging Markets: the IMF and the Global Financial Crisis GEGI Working Paper Series By\u00a0Kevin P. Gallagher and Yuan Tian May 2014 Download:\u00a0Regulating Capital Flows in Emerging Markets: the IMF and the Global Financial Crisis Regression Tables Abstract In the wake of the financial crisis the International Monetary Fund (IMF) began to […]<\/p>\n","protected":false},"author":7753,"featured_media":0,"parent":15551,"menu_order":11,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/www.bu.edu\/pardee\/wp-json\/wp\/v2\/pages\/19277"}],"collection":[{"href":"https:\/\/www.bu.edu\/pardee\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.bu.edu\/pardee\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/pardee\/wp-json\/wp\/v2\/users\/7753"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/pardee\/wp-json\/wp\/v2\/comments?post=19277"}],"version-history":[{"count":8,"href":"https:\/\/www.bu.edu\/pardee\/wp-json\/wp\/v2\/pages\/19277\/revisions"}],"predecessor-version":[{"id":19637,"href":"https:\/\/www.bu.edu\/pardee\/wp-json\/wp\/v2\/pages\/19277\/revisions\/19637"}],"up":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/pardee\/wp-json\/wp\/v2\/pages\/15551"}],"wp:attachment":[{"href":"https:\/\/www.bu.edu\/pardee\/wp-json\/wp\/v2\/media?parent=19277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}