This paper analyzes the behavior of gross capital inflows across 34 emerging markets (EMs). We first confirm that aggregate inflows to EMs co-move considerably.

The prosperity and stability of any economic structure is reliant upon a foundation of secure systems that regulate the movement of money across the globe. Thes

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and

A comprehensive examination of policy measures intended to help emerging markets contend with large and volatile capital flows. While always episodic in nature,