01824cas a2200253 a 4500 AALejournalIMF014059 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475598179 1018-5941 BD-DhAAL BD-DhAAL Groenn, Audun. Baltic and Icelandic Experiences of Capital Flows and Capital Flow Measures / Audun Groenn, Maria Wallin Fredholm. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (32 pages) IMF Working 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 The aim of this empirical study is to describe and provide analysis on the experience of managing capital flows in Iceland and the Baltic countries. During the build-up of the crisis, there were shortcomings in macroeconomic policies and in the policy mix, as well as in financial supervision in the countries covered. While the use of traditional macroeconomic and structural policies was far from exhausted, recognizing that there are no substitutes for sound macroeconomic policies, with an IMF framework on capital flows in place prior to the crisis, it might have been easier for the IMF and national policymakers to identify accelerating problems at an early stage and address them with targeted measures. Mode of access: Internet Wallin Fredholm, Maria. IMF Working Papers; Working Paper ; No. 2013/242 Full text available on IMF http://elibrary.imf.org/view/journals/001/2013/242/001.2013.issue-242-en.xml IMF e-Library