01830cas a2200253 a 4500 AALejournalIMF000977 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451972092 1934-7456 BD-DhAAL BD-DhAAL Otker, Inci. A Modernized Approach to Managing the Risks in Cross-Border Capital Movements / Inci Otker, R. Johnston. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (24 pages) IMF Policy Discussion Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Johnston, R. IMF Policy Discussion Papers; Policy Discussion Paper ; No. 1999/006 Full text available on IMF http://elibrary.imf.org/view/journals/003/1999/006/003.1999.issue-006-en.xml IMF e-Library