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31-October-2011

English, , 474kb

International capital flows: Structural reforms and experience with the OECD Code of Liberalisation of Capital Movements

The dramatic increase in international capital flows, despite a temporary contraction during the global crisis, has motivated policy discussions on the associated benefits and costs of capital mobility. While international capital movements can support long-term growth, they also pose short-term policy challenges, including those associated with undesirable consequences of exchange-rate appreciation, financial and asset-price cycles

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International capital flows: Structural reforms and experience with the OECD Code of Liberalisation of Capital Movements

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