01977cas a2200277 a 4500 AALejournalIMF016099 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513522906 1018-5941 BD-DhAAL BD-DhAAL Gelos, R. Capital Flows at Risk : Taming the Ebbs and Flows / R. Gelos, Lucyna Gornicka, Robin Koepke, Ratna Sahay. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (44 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 volatility of capital flows to emerging markets continues to pose challenges to policymakers. In this paper, we propose a new framework to answer critical policy questions: What policies and policy frameworks are most effective in dampening sharp capital flow movements in response to global shocks? What are the near- versus medium-term trade-offs of different policies? We tackle these questions using a quantile regression framework to predict the entire future probability distribution of capital flows to emerging markets, based on current domestic structural characteristics, policies, and global financial conditions. This new approach allows policymakers to quantify capital flows risks and evaluate policy tools to mitigate them, thus building the foundation of a risk management framework for capital flows. Mode of access: Internet Gornicka, Lucyna. Koepke, Robin. Sahay, Ratna. IMF Working Papers; Working Paper ; No. 2019/279 Full text available on IMF http://elibrary.imf.org/view/journals/001/2019/279/001.2019.issue-279-en.xml IMF e-Library