The impact of capital controls on maintaining macroeconomic and financial stability in emerging market economies

Georgieva Svrtinov, Vesna and Petkovski, Mihail (2012) The impact of capital controls on maintaining macroeconomic and financial stability in emerging market economies. Turkish Asian Center for Strategic Studies.

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Abstract

During the current global crisis, many developing economies introduced various forms of capital controls, in order to limit the excessive capital inflows and to reduce the pressure over national currencies. The main purpose of this paper is to analyze the impact of capital controls on macroeconomic and financial stability in emerging market economies. The paper has three parts.The first part deals with the current debates on the effectiveness of capital controls. The second part explores the country experiences with capital controls during and after the global financial crisis. The third part briefly explains how the IMF changed its negative position on capital controls during the crisis and accepted that under certain circumstances they can be a part of policy response to surges in capital inflows.

Item Type:	Article
Subjects:	Social Sciences > Economics and business
Divisions:	Faculty of Economics
Depositing User:	Vesna Georgieva Svrtinov
Date Deposited:	24 Jan 2013 14:54
Last Modified:	24 Jan 2013 14:54
URI:	https://eprints.ugd.edu.mk/id/eprint/5112

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