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Do Capital Controls Limit Inflow Surges?

Author/Editor: Apoorv Bhargava, Romain Bouis, Annamaria Kokenyne, Manuel Perez-Archila, Umang Rawat, Ratna Sahay.

Release Date:March, 2023

With rising financial integration, the magnitude and swings in capital flows have increased in the past two decades, intensifying the policy debate on how best to deal with these flows. This paper more...



Price: $20.00
Addressing Spillovers from Prolonged U.S. Monetary Policy Easing

Author/Editor: Stephen Cecchetti, Machiko Narita, Umang Rawat, Ratna Sahay.

Release Date:July, 2021

There is growing recognition that prolonged monetary policy easing of major economies can have extraterritorial spillovers, driving up financial system leverage in other countries. When faced with more...



Price: $5.00
Intervention Under Inflation Targeting--When Could It Make Sense?

Author/Editor: David J Hofman, Marcos d Chamon, Pragyan Deb, Thomas Harjes, Umang Rawat, Itaru Yamamoto.

Release Date:January, 2020

We investigate the motives inflation-targeting central banks in emerging markets may have for intervening in foreign exchange markets and evaluate the case for such interventions based on the more...



Price: $18.00
Financial Inclusion in Asia-Pacific

Author/Editor: Elena Loukoianova, Yongzheng Yang, Si Guo, Leni Hunter, Sarwat Jahan, Fazurin Jamaludin, Umang Rawat, Johanna Schauer, Piyaporn Sodsriwiboon, Yiqun Wu.

Release Date:September, 2018

Asia has made significant progress in financial inclusion, but both its across-country and intra-country disparities are among the highest in the world. The gaps between the rich and the poor, rural more...



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Demographics and Interest Rates in Asia

Author/Editor: Serkan Arslanalp, Jaewoo Lee, Umang Rawat.

Release Date:July, 2018

Demographic developments have been regarded as one important cause of the long-term movement in global interest rates. This paper provides empirical evidence of the relationship between demographics more...



Price: $18.00