02518cas a2200325 a 4500 AALejournalIMF022604 230101c9999 xx r poo 0 0eng d 5.00 USD 9798400206528 2663-3493 BD-DhAAL BD-DhAAL Kolasa, Marcin. Review of The Institutional View on The Liberalization and Management of Capital Flows : Background Note on Using the IPF Analytical Toolkit to Enhance Policy Assessments / Marcin Kolasa, Gurnain Kaur Pasricha, Suman Basu, Emine Boz, Dimitre Milkov. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (4 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 Insights from the IPF workstream can help guide the appropriate policy mix during an inflow surge, based on the shock and country characteristics. Inflow surges may be caused by a range of shocks and can take different forms in different countries. The IPF models suggest that warranted macroeconomic policy adjustments depend on the nature of the shock and country characteristics. The IPF models point to shocks and country characteristics that make it difficult to effectively respond to surges using only macroeconomic policy and exchange rate adjustment. The IPF models also suggest that, in the presence of overheating and overvaluation, the use of FXI and CFMs can enhance monetary autonomy in certain circumstances without generating other distortions. The relative costs and benefits of FXI and CFMs depend on country-specific factors. The IPF models also illustrate how surges can lead to a build-up of systemic financial risks. The IPF workstream connects the appropriate mix of MPMs and CFM/MPMs to the structure of the country's financial system. Mode of access: Internet Monetary Policy imf Money and Monetary Policy imf Political Economy imf Basu, Suman. Boz, Emine. Milkov, Dimitre. Pasricha, Gurnain Kaur. Policy Papers; Policy Paper ;No. 2022/012 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=2663-3493&volume=2022&issue=012 IMF e-Library