Managing Volatile Capital Flows: Experiences and Lessons for Sub-Saharan African Frontier Markets

Author: Cheikh A. Gueye, Mr. Javier Arze del Granado, Mr. Rodrigo Garcia-Verdu, Mr. Mumtaz Hussain, Mr. B. Jang, Mr. Sebastian Weber, and Mr. Juan S Corrales

Volume/Issue: Volume 2014 Issue 002

Publication date: March 2014

ISBN: 9781616358440

$20.00

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Topics covered in this book

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Exports and Imports , Finance , DPPP , DP , frontier market , market , capital , government bond , capital flow , exchange rate , central bank , U , S , dollar , Emerging and frontier financial markets , Capital flows , Foreign direct investment , Capital inflows , Private capital flows , Sub-Saharan Africa , Global , Africa

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Summary

During the past three years the frontier markets of sub-Saharan Africa have received growing amounts of portfolio capital flows, with heightened interest from foreign investors. Compared with foreign direct investment, portfolio capital flows tend to be more volatile, and thus pose challenges for sub-Saharan African frontier markets. This study examines the evolution of capital flows since 2010 and discusses the policies these countries have designed to reduce risks from the inherent volatility of these flows.