01821cas a2200277 a 4500 AALejournalIMF005130 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451945997 1934-7456 BD-DhAAL BD-DhAAL Joshi, Bikas. Capital Inflows and Balance of Payments Pressures : Tailoring Policy Responses in Emerging Market Economies / Bikas Joshi, Manuela Goretti, Uma Ramakrishnan, Alun Thomas. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (21 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 Although capital inflows are generally beneficial to recipient countries, they also pose a challenge for the conduct of economic policy. This paper proposes a conceptual taxonomy to guide the design of policy responses in the face of capital flows. We explore how responses to capital surges should be differentiated based on the source of balance of payments pressures. We also examine whether the policy choices in emerging market countries conform to the taxonomy's predictions and find some correspondence, especially during periods of high global liquidity. Mode of access: Internet Goretti, Manuela. Ramakrishnan, Uma. Thomas, Alun. IMF Policy Discussion Papers; Policy Discussion Paper ; No. 2008/002 Full text available on IMF http://elibrary.imf.org/view/journals/003/2008/002/003.2008.issue-002-en.xml IMF e-Library