Transmissions Capital (IMF)

The multilateral aspects of policies affecting capital flows published by IMF. “This paper aims to draw greater attention to the multilateral aspects of policies affecting capital flows. A key conclusion of this paper is that national policymakers should pay more attention to the multilateral transmission of their policies, especially with respect to prudential frameworks. Analysis of the multilateral  transmission of policies affecting  capital flow is especially challenging, although there is ample evidence that macroeconomic policies are the main policy driver.”