Capital flows macroprudential policies and capital controls

Understanding the determinants and patterns of international capital flows is of crucial importance for the design of policies that enhance macroeconomic stability. Traditionally capital flows have been very volatile in developing economies with large inflows in times of economic booms and large sud...

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Autores principales:	Aguirre R., Álvaro, Bauducco, Sofia, Saravia, Diego
Formato:	Artículo
Lenguaje:	eng
Publicado:	Banco Central de Chile 2019
Materias:	MOVIMIENTOS DE CAPITAL
Acceso en línea:	https://hdl.handle.net/20.500.12580/3867
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spelling	oai-20.500.12580-38672021-04-24T11:14:22Z Capital flows macroprudential policies and capital controls Aguirre R., Álvaro Bauducco, Sofia Saravia, Diego MOVIMIENTOS DE CAPITAL Understanding the determinants and patterns of international capital flows is of crucial importance for the design of policies that enhance macroeconomic stability. Traditionally capital flows have been very volatile in developing economies with large inflows in times of economic booms and large sudden capital flow reversals in times of economic turmoil. This volatile behavior has prompted policymakers in these economies to impose controls on either inflows or outflows in an attempt to reduce the volatility of capital flows thus decreasing the probability of a crisis generated by large flow reversals. More recently as a result of the buildup of global systemic risks prompted by capital flows and the subsequent rapid and widespread transmission of a shock originated in a single economy (the U.S.) that characterized the last global financial crisis capital flows capital controls and more prominently macroprudential policies in developed economies have become a subject of great interest in the profession1. It is only natural then that these are topics that have been thoroughly researched by the economic profession in the last decades. Yet many questions about the extent of the effects of policy measures such as capital controls and macroprudential policies remain without a definite answer. 2019-11-01T00:08:34Z 2019-11-01T00:08:34Z 2019 Artículo 978-956-7421-60-2 https://hdl.handle.net/20.500.12580/3867 eng Series on Central Banking Analysis and Economic Policies no. 26 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 83-110 application/pdf Banco Central de Chile
institution	Banco Central
collection	Banco Central
language	eng
topic	MOVIMIENTOS DE CAPITAL
spellingShingle	MOVIMIENTOS DE CAPITAL Aguirre R., Álvaro Bauducco, Sofia Saravia, Diego Capital flows macroprudential policies and capital controls
description	Understanding the determinants and patterns of international capital flows is of crucial importance for the design of policies that enhance macroeconomic stability. Traditionally capital flows have been very volatile in developing economies with large inflows in times of economic booms and large sudden capital flow reversals in times of economic turmoil. This volatile behavior has prompted policymakers in these economies to impose controls on either inflows or outflows in an attempt to reduce the volatility of capital flows thus decreasing the probability of a crisis generated by large flow reversals. More recently as a result of the buildup of global systemic risks prompted by capital flows and the subsequent rapid and widespread transmission of a shock originated in a single economy (the U.S.) that characterized the last global financial crisis capital flows capital controls and more prominently macroprudential policies in developed economies have become a subject of great interest in the profession1. It is only natural then that these are topics that have been thoroughly researched by the economic profession in the last decades. Yet many questions about the extent of the effects of policy measures such as capital controls and macroprudential policies remain without a definite answer.
format	Artículo
author	Aguirre R., Álvaro Bauducco, Sofia Saravia, Diego
author_facet	Aguirre R., Álvaro Bauducco, Sofia Saravia, Diego
author_sort	Aguirre R., Álvaro
title	Capital flows macroprudential policies and capital controls
title_short	Capital flows macroprudential policies and capital controls
title_full	Capital flows macroprudential policies and capital controls
title_fullStr	Capital flows macroprudential policies and capital controls
title_full_unstemmed	Capital flows macroprudential policies and capital controls
title_sort	capital flows macroprudential policies and capital controls
publisher	Banco Central de Chile
publishDate	2019
url	https://hdl.handle.net/20.500.12580/3867
work_keys_str_mv	AT aguirreralvaro capitalflowsmacroprudentialpoliciesandcapitalcontrols AT bauduccosofia capitalflowsmacroprudentialpoliciesandcapitalcontrols AT saraviadiego capitalflowsmacroprudentialpoliciesandcapitalcontrols
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Capital flows macroprudential policies and capital controls

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