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Evaluations
Seminars
Publications
Work Programs
Reports to the IMFC
Annual Reports
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20th Anniversary
About Us
Our Team
Origins
Terms of Reference
Evaluating the Evaluator
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Join Our Mailing List
Let's Talk
IMF Advice on Capital Flows
Evaluations
IMF Advice on Capital Flows
Full Text of the Main Report
IEO Virtual Seminar
Executive Summary
English
Spanish
French
Portuguese
Full Report by Sections
Foreword
I. Introduction
II. Context
III. Managing Capital Flow Volatility: The Design of the IMF’s Approach
IV. Dealing with Capital Flow Volatility: Implementation Issues
V. Reaping Long-Term Benefits from Open Capital Markets
VI. Multilateral Considerations
VII. Monitoring, Analysis, and Research on Capital Account Issues
VIII. Findings, Lessons, and Recommendations
Statement by the Managing Director on the IEO Evaluation
Summing Up of the Executive Board Discussion
Background Papers
1. Managing Capital Flows: Theoretical Advances and IMF Policy Frameworks
Series Number: BP/20-02/01
Author: Anton Korinek
2. IMF Advice on Capital Flows: How Well is it Supported by Empirical Evidence?
Series Number: BP/20-02/02
Author: Peter J. Montiel
3. Analysis and Advice on Capital Account Developments: Flows, Restrictions and Policy Toolkits
Series Number: BP/20-02/03
Author: Nicoletta Batini and Luigi Durand
4. IMF Advice on Capital Flows: Multilateral Issues
Series Number: BP/20-02/04
Author: Christopher Towe
5. The COVID-19 Crisis and Capital Flows
Series Number: BP/20-02/05
Author: Nicoletta Batini
6. IMF Advice on Capital Flows to Latin America
Series Number: BP/20-02/06
Author: Nicoletta Batini, Eduardo Borensztein, and José Antonio Ocampo
7. IMF Advice on Capital Flows to the Republic of Korea and Selected ASEAN Economies
Series Number: BP/20-02/07
Author: Luc Everaert and Hans Genberg
8. IMF Advice on Capital Flows to People’s Republic of China and India
Series Number: BP/20-02/08
Author: Ila Patnaik and Eswar Prasad
9. IMF Advice on Capital Flows to the Republic of Croatia, Israel, and the Republic of Poland
Series Number: BP/20-02/09
Author: Karnit Flug and Christopher Towe
10. IMF Advice on Crisis-Driven Capital Controls in Europe
Series Number: BP/20-02/10
Author: Patrick Honohan
11. IMF Advice on Capital Flows to Africa and the Middle East
Series Number: BP/20-02/11
Author: Sriram Balasubramanian, Karim El Aynaoui, Prakash Loungani, José Antonio Ocampo, and Roxana Pedraglio
12. Capital Flow Measures and Housing-Related Issues in Advanced Economies
Series Number: BP/20-02/12
Author: Luc Everaert
Press Release
IEO Releases Evaluation of IMF Advice on Capital Flows
Presentation
IEO Virtual Seminar
Follow Up
Implementation Plan in Response to the Board-Endorsed Recommendations from the IEO Evaluation on IMF Advice on Capital Flows
