Recent changes in technology, along with the opening up of many regions previously closed to investment, have led to explosive growth in the international movem

Over the past decade, South Africa has attracted relatively little foreign direct investment (FDI), but considerable amounts of portfolio inflows. In this conte

The volatility of capital flows to emerging markets continues to pose challenges to policymakers. In this paper, we propose a new framework to answer critical p

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

America's international economic decisions rest to a large degree on the information available to policymakers. Yet the quality of international trade and finan