Home » Baltic and Icelandic Experiences of Capital Flows and Capital Flow Measures by Audun Groenn
Baltic and Icelandic Experiences of Capital Flows and Capital Flow Measures Audun Groenn

Baltic and Icelandic Experiences of Capital Flows and Capital Flow Measures

Audun Groenn

Published December 16th 2013
ISBN : 9781475598766
ebook
32 pages
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 About the Book 

The aim of this empirical study is to describe and provide analysis on the experience of managing capital flows in Iceland and the Baltic countries. During the build-up of the crisis, there were shortcomings in macroeconomic policies and in theMoreThe aim of this empirical study is to describe and provide analysis on the experience of managing capital flows in Iceland and the Baltic countries. During the build-up of the crisis, there were shortcomings in macroeconomic policies and in the policy mix, as well as in financial supervision in the countries covered. While the use of traditional macroeconomic and structural policies was far from exhausted, recognizing that there are no substitutes for sound macroeconomic policies, with an IMF framework on capital flows in place prior to the crisis, it might have been easier for the IMF and national policymakers to identify accelerating problems at an early stage and address them with targeted measures.