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Analyzing Capital Flow Drivers Using the ‘At-Risk’ Framework: South Africa’s Case
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Cross-border capital flows are important for South Africa. They fund the nation’s relatively large external financing needs and have important financial stabi
Exchange Rate Flexibility and Credit during Capital Inflow Reversals
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We document the behavior of macro and credit variables during episodes of capital inflows reversals in economies with different degrees of exchange rate flexibi
Managing Capital Flows
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Managing Capital Flows provides analyses that can help policymakers develop a framework for managing capital flows that is consistent with prudent macroeconomic
Managing Volatile Capital Flows: Experiences and Lessons for Sub-Saharan African Frontier Markets
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During the past three years the frontier markets of sub-Saharan Africa have received growing amounts of portfolio capital flows, with heightened interest from f
South Africa: Financial Sector Assessment Program-Financial System Stability Assessment
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The economy recovered strongly in 2021, following an unprecedented real output contraction in 2020. However, the outlook remains precarious amidst projected fut