02005cas a2200265 a 4500 AALejournalIMF022574 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484353783 1018-5941 BD-DhAAL BD-DhAAL Xu, Xin. Too Much of a Good Thing? : Prudent Management of Inflows under Economic Citizenship Programs / Xin Xu, Ahmed El-Ashram, Judith Gold. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (34 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 Economic Citizenship Programs (ECPs) have recently been proliferating, with large and potentially volatile inflows of investment and fiscal revenues generating significant benefits for small economies, but also posing substantial challenges. This paper discusses recent developments and implications of such programs for fiscal discipline and the real economy, including risks to macroeconomic and financial stability, with a focus on small state economies. It discusses the prudent management of these programs, overviews strategies to minimize risks to various sectors, and addresses potential governance and integrity challenges. The paper proposes a framework for managing inflows and savings from ECPs to contain macroeconomic risks, and it recommends the establishment of a sovereign wealth fund (SWF) where such revenues are large and persistent. Mode of access: Internet El-Ashram, Ahmed. Gold, Judith. IMF Working Papers; Working Paper ; No. 2015/093 Full text available on IMF http://elibrary.imf.org/view/journals/001/2015/093/001.2015.issue-093-en.xml IMF e-Library