Tools for managing financial-stability risks from capital inflows

By Jonathan D. Ostry, Atisha Ghosh, M. Chamon, Mahvash S. Qureshi. 2012

308 citations recorded by the source corpus.

Subfields: Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/33947026176a310577ed053a9df4ef709b4c468f

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Finance

1. Hyun Song Shin
2. Valentina Bruno
3. M. Obstfeld
4. Ilhyock Shim
5. M. Chamon
6. Hélène Rey
7. Philip R. Lane
8. Stijn Claessens

In Strategy and Management

1. Hyun Song Shin
2. Valentina Bruno
3. Ilhyock Shim
4. M. Chamon
5. M. Obstfeld
6. Hélène Rey

Citations in the corpus

• On the global financial market integration “swoosh” and the trilemma (2019, unknown): “Jeanne and Korinek (2010), Ostry et al. (2012), Forbes, Fratzscher and Straub (2013), Pasricha et al. (2015), Ito and McCauley (2018)). From a historical perspective, there is an old-standing debate among macroeconomists and economic historians as to whether international financial integration was, ”
• Capital controls in Brazil: effective? (2016, background): “Recent papers have shown capital controls may play a useful role in managing the macroeconomic and prudential risks associated with flows (e.g. Ostry et al 2010, 2012, Korinek 2011, Rey 2013 and Engel 2013).”
• Trilemmas and trade-offs: living with financial globalisation (2015, background): “32 Ostry et al (2012) assess the effects of macroprudential and capital control policies for a sample of 51 EMEs over 1995–2008.”
• Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence (2015, unknown): “See Ostry et al. (2012) for empirical evidence on the effectiveness of these measures during the global financial crisis.”
• Comparative assessment of macroprudential policies (2015, methodology): “Ostry et al (2012) nd that both capital controls (the Schindler index) and FX-related prudential measures are associated with a lower proportion of FX lending in total domestic bank credit and with a lower proportion of portfolio debt in total external liabilities, and that domestic macroprudential…”
• Exchange Rate Management and Crisis Susceptibility: A Reassessment (2014, unknown): “Likewise, restrictions on FX-denominated lending naturally reduce the proportion of such loans in total bank lending (Rosenberg and Tirpak, 2008; Ostry et al. 2012), while open FX-limits have a stronger impact on foreign borrowing by the banking system (Tables 5 and 6, cols.”
• Capital Flow Management Measures: What Are They Good For? (2014, unknown): “Recent studies with information on both capital controls and macroprudential measures are Pasricha (2012) and Ostry et al. (2012), which is expanded on in Beirne and Friedrich (2013).”
• Capital Controls: Theory and Evidence (2019, unknown): “…reducing outflows (Kaplan and Rodrik 2002).19 In a related vein, Ostry, Ghosh, Habermeier, et al. (2011); Ostry, Ghosh, Chamon, et al. (2011); and Ostry et al. (2012) test whether capital inflow controls reduce indicators of financial fragility, and find that inflow controls are associated with…”
• A Fisherian approach to financial crises: Lessons from the Sudden Stops literature (2020, unknown): “Ostry et al. (2012) find that they affect the composition of capital flows, while Beirne and Friedrich (2014) find only a limited effect on aggregate capital inflows.”