TY - BOOK ID - 84658023 TI - A Modernized Approach to Managing the Risks in Cross-Border Capital Movements AU - Ötker, Inci. AU - Johnston, R. PY - 1999 SN - 146238451X 1455252816 1451972091 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Capital movements. KW - Capital flight KW - Capital flows KW - Capital inflow KW - Capital outflow KW - Flight of capital KW - Flow of capital KW - Movements of capital KW - Balance of payments KW - Foreign exchange KW - International finance KW - Exports and Imports KW - Foreign Exchange KW - Monetary Policy KW - Current Account Adjustment KW - Short-term Capital Movements KW - Financial Institutions and Services: Government Policy and Regulation KW - International Investment KW - Long-term Capital Movements KW - Development Planning and Policy: Trade Policy KW - Factor Movement KW - Foreign Exchange Policy KW - International economics KW - Currency KW - Capital controls KW - Exchange rates KW - Exchange rate policy KW - Exchange rate flexibility KW - Capital movements KW - Malaysia UR - https://www.unicat.be/uniCat?func=search&query=sysid:84658023 AB - This paper outlines a “modern” approach to managing risks in cross-border capital movements that is consistent with an environment of increased and liberalized capital flows. Key elements of this approach include: a consistent monetary and exchange rate policy mix to avoid incentives for volatile capital flows; prudential management of the specific risks in capital flows; supporting financial sector reforms; and appropriate sequencing of liberalization. The approach can reduce the potential size of the shocks associated with capital movements and increase the resilience of the financial system to such shocks when they occur; overtime, it is expected to reduce the need for recourse to capital controls. ER -