|A Tie That Binds : Revisiting the Trilemma in Emerging Market Economies|
Author/Editor: Maurice Obstfeld, Jonathan David Ostry, Mahvash S Qureshi.
Release Date:June, 2017
This paper examines the claim that exchange rate regimes are of little salience in the
transmission of global financial conditions to domestic financial and macroeconomic
conditions by more...
|Managing the Tide : How Do Emerging Markets Respond to Capital Flows?|
Author/Editor: Atish R Ghosh, Jonathan David Ostry, Mahvash S Qureshi.
Release Date:March, 2017
This paper examines whether—and how—emerging market economies (EMEs) respond
to capital flows to mitigate their untoward consequences. Based on a sample of about 50
EMEs over more...
|What’s In a Name? That Which We Call Capital Controls|
Author/Editor: Atish R. Ghosh, Mahvash Qureshi.
Release Date:February, 2016
This paper investigates why controls on capital inflows have a bad name, and evoke such visceral opposition, by tracing how capital controls have been used and perceived, since the late nineteenth more...
|Regulating Capital Flows at Both Ends: Does it Work?|
Author/Editor: Atish R. Ghosh, Mahvash Qureshi, Naotaka Sugawara.
Release Date:October, 2014
This paper examines whether cross-border capital flows can be regulated by imposing capital account restrictions (CARs) in both source and recipient countries, as was originally advocated by John more...
|Friedman Redux: External Adjustment and Exchange Rate Flexibility|
Author/Editor: Atish R. Ghosh, Mahvash Qureshi, Charalambos G. Tsangarides.
Release Date:August, 2014
Milton Friedman argued that flexible exchange rates would facilitate external adjustment. Recent studies find surprisingly little robust evidence that they do. We argue that this is because they use more...
|Exchange Rate Management and Crisis Susceptibility: A Reassessment|
Author/Editor: Atish R. Ghosh, Jonathan David Ostry, Mahvash Qureshi.
Release Date:January, 2014
This paper revisits the bipolar prescription for exchange rate regime choice and asks two questions: are the poles of hard pegs and pure floats still safer than the middle? And where to draw the line more...
Author/Editor: Atish R. Ghosh, Jun Il Kim, Mahvash Saeed Qureshi, Juan Zalduendo.
Release Date:January, 2012
This paper examines why surges in capital flows to emerging market economies (EMEs) occur, and what determines the allocation of capital across countries during such surge episodes. We use two more...
|Words vs. Deeds : What Really Matters?|
Author/Editor: Mahvash Qureshi, Atish R. Ghosh, Charalambos G. Tsangarides.
Release Date:May, 2011
This paper revisits the link between the nominal exchange rate regime and inflation, based on a sample of 145 emerging market and developing countries (EMDCs) over the period 1980-2010. We contend more...
|Managing Capital Inflows : What Tools to Use?|
Author/Editor: Jonathan David Ostry, Atish R Ghosh, Karl F Habermeier, Luc Laeven, Marcos d Chamon, Mahvash S Qureshi, Annamaria Kokenyne.
Release Date:April, 2011
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are more...
Author/Editor: Jonathan David Ostry, Atish R. Ghosh, Jun Il Kim, Mahvash Qureshi.
Release Date:September, 2010
In this note, the authors reexamine the issue of debt sustainability in a large group of advanced economies. Their hypothesis is that, when debt is in a moderate range, its dynamics are sustainable more...