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This paper reviews trends in capital flows and capital-like flows such as official grants and remittances to low-income countries over the period 1981-2006. The survey reveals a broadbased increase in such flows as a share of low-income country GDP across major regions, countries with differing commodity export composition, and countries with differing debt relief status. The increase in inflows is dominated by an increase in private sector inflows, mostly in the form of private transfers and foreign direct investment. Official sector inflows have remained comparatively constant as a share of low-income country GDP and even declined in the most recent years. The paper concludes with some tentative policy conclusions and has a discussion of data issues in the annexes.

Capital movements --- Emigrant remittances --- Investments, Foreign --- Immigrant remittances --- Remittances, Emigrant --- Foreign exchange --- Accounting --- Exports and Imports --- Current Account Adjustment --- Short-term Capital Movements --- Public Administration --- Public Sector Accounting and Audits --- International Investment --- Long-term Capital Movements --- International economics --- Finance --- Public finance accounting --- Financial account --- Capital account --- Current account balance --- Fiscal accounting and reporting --- Capital flows --- Balance of payments --- International finance --- Finance, Public --- India

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The paper investigates cyclical fluctuations in the current and financial (formerly capital) accounts of the balance of payments and major underlying components for nine industrial countries. The empirical model uses as explanatory variables domestic output growth, price inflation, real exchange rate fluctuations, energy price inflation, global growth, and regional growth. The evidence from the estimation of the model indicates the importance of fluctuations in output growth to the cyclicality of the current and financial account balances. The necessary and sufficient condition to sustain a large current account deficit is high domestic growth, which tends to stimulate financial inflows and provides adequate resources for financing. Other factors appear to be less important to the cyclicality of the current and financial account balances and their negative correlations.

Balance of payments -- Developed countries. --- Electronic books. -- local. --- Exports -- Developed countries. --- Imports -- Developed countries. --- Exports and Imports --- Inflation --- Current Account Adjustment --- Short-term Capital Movements --- Price Level --- Deflation --- International economics --- Finance --- Macroeconomics --- Current account balance --- Financial account --- Current account --- Current account deficits --- Balance of payments --- International finance --- Prices --- United States

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We reassess the connection between capital account openness and capital flows in an empirical framework that is grounded in theory and makes use of previously unexplored variation in the data. We demonstrate how our theory-consistent regressions may overcome some ubiquitous measurement problems in the literature by relying on interaction terms between financial openness and traditional push-pull factors. Within our proposed framework, we ask: what can be said robustly about the effect of capital account restrictions on capital flows? Our results warrant against over-interpreting the existing cross-country evidence as we find very few robust relationships between capital account restrictiveness and various types of capital inflows. Countries with a higher degree of financial openness are more susceptible to some, but by no means all, push and pull factors. Overall, the results are still consistent with a complex set of tradeoffs faced by policymakers, where the ability to shield the domestic economy from volatile capital flow cycles must be weighed against the sources of exogenous risks and potential long run growth effects.

Capital market. --- Capital markets --- Market, Capital --- Finance --- Financial institutions --- Loans --- Money market --- Securities --- Crowding out (Economics) --- Efficient market theory --- Accounting --- Exports and Imports --- International Investment --- Long-term Capital Movements --- Current Account Adjustment --- Short-term Capital Movements --- Public Administration --- Public Sector Accounting and Audits --- International economics --- Public finance accounting --- Capital flows --- Capital inflows --- Capital account --- Financial account --- Fiscal accounting and reporting --- Balance of payments --- Public financial management (PFM) --- Capital movements --- International finance --- Finance, Public --- United States

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La sixième édition du Manuel de la balance des paiements et de la position extérieure globale présente des normes révisées et mises à jour pour les concepts, définitions et classifications des statistiques des comptes internationaux. Ces normes sont utilisées à l'échelle mondiale pour établir des données complètes et comparables. La sixième édition est la dernière d'une série entamée par le FMI en 1948. Elle est le produit d'une vaste consultation et fournit des précisions demandées par les utilisateurs. Elle se penche aussi sur des sujets tels que la mondialisation, l'innovation financière et l'analyse bilantielle, qui suscite un intérêt croissant.

Banks and Banking --- Exports and Imports --- Investments: General --- Investments: Derivatives --- Macroeconomics --- International Investment --- Long-term Capital Movements --- Current Account Adjustment --- Short-term Capital Movements --- Pension Funds --- Non-bank Financial Institutions --- Financial Instruments --- Institutional Investors --- General Financial Markets: General (includes Measurement and Data) --- Monetary Policy --- Finance --- Investment & securities --- International economics --- Banking --- Foreign direct investment --- Securities --- Reserve assets --- Income --- Financial account --- Investments, Foreign --- Financial instruments --- Balance of payments --- Foreign exchange reserves --- United States

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This Technical Assistance Report discusses the technical advice and recommendations given by the IMF mission to the authorities of Uganda regarding sectoral financial accounts. The IMF mission reviewed the sectoral financial stocks and transactions data for 2014 and noted that commendable progress has been made in compilation of annual financial accounts. The mission provided suggestions for public release of annual data for the years 2013, 2014, and 2015 by September 30, 2016. The progress on quarterly financial accounts compilation has been slow because source data were not available for some sectors and because of capacity constraints. The IMF mission recommends compilation of these data for internal purposes for sectors and instruments with data availability.

Exports and Imports --- Finance: General --- Investments: General --- Investments: Stocks --- Statistics --- Pension Funds --- Non-bank Financial Institutions --- Financial Instruments --- Institutional Investors --- Current Account Adjustment --- Short-term Capital Movements --- Data Collection and Data Estimation Methodology --- Computer Programs: Other --- General Financial Markets: General (includes Measurement and Data) --- Finance --- Investment & securities --- Econometrics & economic statistics --- Financial account --- Financial instruments --- Stocks --- Financial statistics --- Securities --- Balance of payments --- Financial institutions --- Economic and financial statistics --- International finance --- Uganda