The 1990s witnessed several acute currency crises among developing nations that invariably spread to other nearby at-risk countries. These episodes—in Mexico,

The prosperity and stability of any economic structure is reliant upon a foundation of secure systems that regulate the movement of money across the globe. Thes

A comprehensive examination of policy measures intended to help emerging markets contend with large and volatile capital flows. While always episodic in nature,

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and

This paper analyzes the behavior of gross capital inflows across 34 emerging markets (EMs). We first confirm that aggregate inflows to EMs co-move considerably.