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

The volatility of capital flows to emerging markets continues to pose challenges to policymakers. In this paper, we propose a new framework to answer critical p

This book examines how large capital inflows should be managed in a volatile macroeconomic environment. Noted authorities on Latin America balance the lessons o

Capital flows can deliver substantial benefits for countries, but also have the potential to contribute to a buildup of systemic financial risk. Benefits, such