02149cas a2200325 a 4500 AALejournalIMF022603 230101c9999 xx r poo 0 0eng d 5.00 USD 9798400206238 2663-3493 BD-DhAAL BD-DhAAL Kang, Heedon. Review of The Institutional View on The Liberalization and Management of Capital Flows : Background Note on Principles for the Design of Measures to Address Systemic Risks from FX Mismatches / Heedon Kang, Paavo Miettinen, Erlend Nier, Thorvardur Tjoervi Olafsson, Gurnain Kaur Pasricha. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (6 pages) Policy 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 note describes the key principles for the design and implementation of preemptive CFM/MPMs. These measures should be designed to be effective-so they achieve their intended goal and are not easily circumvented-and efficient-so they minimize distortions and costs. Preemptive CFM/MPMs should be targeted, calibrated to risks, transparent, and as temporary as possible. The appropriate design depends on country circumstances, such as institutional and legal constraints, as well as the precise source of the vulnerability. Where measures that do not discriminate by residency are available and effective, they should be preferred. Mode of access: Internet Monetary Policy imf Money and Monetary Policy imf Political Economy imf Miettinen, Paavo. Nier, Erlend. Olafsson, Thorvardur Tjoervi. Pasricha, Gurnain Kaur. Policy Papers; Policy Paper ;No. 2022/011 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=2663-3493&volume=2022&issue=011 IMF e-Library