Developing country capital account management - proposals for the post-covid19 era
Developing country capital account management involves a study on the regulation of capital flows in the context of the COVID-19 pandemic. Massive capital flight from developing economies since the onset of the COVID-19 crisis poses one of the most serious obstacles to speedy and sustainable economic recovery in these economies. Capital flow regulation is a key element to stem the ongoing collapse in external finance available to developing countries and to prevent sharp declines in currency and domestic asset prices and increasing external debt. Analysis of measures to regulate capital flows and the type of capital controls needed to confront the disruptive effects of the COVID-19 to support policy responses and strategies to both weather the immediate economic impacts and prepare for the road to recovery are conducted for Latin America and the Caribbean, Africa and Asia-Pacific.