Capital Flow Management
回顾了近期理论文献，解释新兴市场和发展中经济体资本账户政策的动机，并探讨国际协调的必要性。
There is a wide variety in the capital account policies of emerging markets and developing economies. Some countries, such as Brazil, have recently experimented with prudential controls on capital inflows, whereas others, such as China, have continued to maintain tight controls. This paper reviews the recent theoretical literature explaining the motivations behind capital account policies, and whether there is a case for international coordination in this area.