Should Capital Flows Be Regulated? A Look at the Issues and Policies

The author argues that externalities in financial markets, implicit and explicit guarantees on financial transactions, and information asymmetries in financial markets that may exacerbate contagion provide a rationale for a government role in manag...

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Bibliographic Details
Main Author:	Islam, Roumeen
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ADVERSE CONSEQUENCES AUTONOMY BALANCE OF PAYMENTS BANK LENDING BANK RESERVES BANKING CRISES BANKING SECTOR BANKING SYSTEM BANKS BONDS BORROWING CAPITAL ACCOUNT CAPITAL CONTROLS CAPITAL FLOW REVERSALS CAPITAL FLOWS CAPITAL INFLOWS CAPITAL MARKETS CAPITAL OUTFLOWS CENTRAL BANK CENTRAL BANKS COMPETITIVENESS CONTAGION CONTINGENT LIABILITIES COST OF CAPITAL CURRENCY BOARD CURRENCY BOARDS CURRENCY CRISES CURRENCY RISK CURRENT ACCOUNT DEBT DEFAULT RISK DEFICIT FINANCING DEFICITS DEVALUATION DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT ECONOMICS DOMESTIC ECONOMY DOMESTIC POLICIES DUMPING EMERGING ECONOMIES EMERGING MARKET ECONOMIES EMERGING MARKETS EMPIRICAL ANALYSIS EMPLOYMENT EQUILIBRIUM EQUITY MARKETS EXCHANGE RATE EXCHANGE RATE POLICIES EXCHANGE RATE POLICY EXCHANGE RATE REGIME EXCHANGE RATE REGIMES EXCHANGE RATES EXOGENOUS SHOCKS EXPENDITURES EXTERNAL BORROWING EXTERNAL DEBT EXTERNALITIES EXTERNALITY FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL POLICIES FINANCIAL RESOURCES FINANCIAL RISK FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL SYSTEM FINANCIAL TRANSACTIONS FISCAL DEFICITS FISCAL POLICIES FISCAL POLICY FIXED EXCHANGE RATE SYSTEMS FOREIGN ASSETS FOREIGN BORROWING FOREIGN CURRENCY FOREIGN CURRENCY DEPOSITS FOREIGN EXCHANGE GDP GLOBAL MARKETS INCOME INCOME GROUPS INFLATION INFORMATION ASYMMETRIES INSURANCE INSURANCE MARKETS INTEREST RATE INTEREST RATES INTERNATIONAL BANKING INTERNATIONAL FINANCIAL TRANSACTIONS LENDER OF LAST RESORT LENDERS OF LAST RESORT LIQUID ASSETS LIQUIDITY LIQUIDITY CONSTRAINTS LONG TERM MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC SHOCKS MARKET DISTORTIONS MARKET PRICES MATURITIES MONETARY POLICIES MONETARY POLICY MORAL HAZARD MUTUAL FUNDS NET WORTH PERVERSE INCENTIVES POLICY OPTIONS POLICY RESEARCH PORTFOLIO PORTFOLIOS PRICE CHANGES PRIVATE AGENTS PRIVATE SECTOR PUBLIC CONSUMPTION PUBLIC DEBT PUBLIC POLICY PUBLIC SECTOR REAL EXCHANGE REAL EXCHANGE RATE REAL EXCHANGE RATES REAL INTEREST REAL INTEREST RATES REGULATORY FRAMEWORK RESERVE REQUIREMENT RESERVE REQUIREMENTS RISK MANAGEMENT RISK PREMIA RISK PREMIUMS SECURITIES SHORT TERM DEBT SHORT-TERM DEBT SYSTEMIC RISK TAX RATES TAX REVENUE TAX REVENUES TAXATION TERMS OF TRADE TRADE SHOCKS TRADEOFFS TRANSACTIONS COSTS TRANSPARENCY TREASURY BILLS
Online Access:	http://documents.worldbank.org/curated/en/2000/03/438338/capital-flows-regulated-look-issues-policies http://hdl.handle.net/10986/19844

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http://documents.worldbank.org/curated/en/2000/03/438338/capital-flows-regulated-look-issues-policies
http://hdl.handle.net/10986/19844

Should Capital Flows Be Regulated? A Look at the Issues and Policies

Internet

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