Firms play an important role in shaping income inequality at the aggregated country level, given that wages represent a significant proportion of household income. We investigate the distributional ...

Discover the role of the financial account in the balance of payments, covering claims on nonresidents and assets like ...

Executive Directors welcomed the opportunity to consider the proposal for a Fund institutional view on capital flows and policies related to them, in their meetings on November 7 and on November 16. 1 ...

On March 30, 2022, the International Monetary Fund published the Review of the Institutional View on the Liberalization and Management of Capital Flows. The review updates the IMF’s Institutional View ...

The People's Bank of China has been pursuing capital-account liberalization at an increasing rate since 2009. But Chinese policymakers should recognize the significant risks inherent in relaxing ...