{"id":{"repo_id":"essex","oai_identifier":"oai:repository.essex.ac.uk:24360"},"canonical_url":"https://search.dev.ndltd.org/etd/essex/oai:repository.essex.ac.uk:24360","repository":{"repo_id":"essex","name":"University of Essex","base_url":"https://repository.essex.ac.uk/cgi/oai2"},"display":{"title":"Essays on Capital Flows and Macroprudential Regulation","abstract":"Capital flows to emerging economies are commonly regarded as volatile and are easily influenced by external shocks. For example, the recent sharp normalization of monetary policy in the U.S. could result in emerging markets experiencing capital flight and domestic exchange rate depreciations. Sharp exchange rate depreciations increase the cost of servicing foreign debt for emerging economies, which often have significant proportions of foreign currency debt. How should central banks and governments in emerging economies respond? We answer this question by proposing macroprudential policies which target the drivers of capital flows in the sectoral destinations of such flows. Unlike the recent literature on macroprudential policies, we show how it is crucial to identify the drivers of capital flows (specifically in sectoral destinations) in order to design policies to mitigate macro-financial risks and financial crises.","abstract_html":"Capital flows to emerging economies are commonly regarded as volatile and are easily influenced by external shocks. For example, the recent sharp normalization of monetary policy in the U.S. could result in emerging markets experiencing capital flight and domestic exchange rate depreciations. Sharp exchange rate depreciations increase the cost of servicing foreign debt for emerging economies, which often have significant proportions of foreign currency debt. How should central banks and governments in emerging economies respond? We answer this question by proposing macroprudential policies which target the drivers of capital flows in the sectoral destinations of such flows. Unlike the recent literature on macroprudential policies, we show how it is crucial to identify the drivers of capital flows (specifically in sectoral destinations) in order to design policies to mitigate macro-financial risks and financial crises.","abstract_has_math":false,"creators":["Mayengo, Pancras Kafonogo"],"institution":"University of Essex","degree_name":"phd","degree_level":"doctoral","degree_discipline":null,"degree_department":null,"school":null,"contributors":[],"advisors":[],"committee_chairs":[],"committee_members":[],"year":2019,"date_issued":"2019-03","date_published":"2019-03","updated_at":"2026-07-24T02:18:26Z","subjects":["HB Economic Theory"],"languages":["en"],"rights":[],"rights_urls":[],"identifier_entries":[]},"links":{"outbound_url":null,"outbound_label":null,"outbound_source":null},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor.sponsor","label":"Sponsor","values":["ESRC"]},{"key":"dc:creator","label":"Author","values":["Mayengo, Pancras Kafonogo"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date","label":"Dc Date","values":["2019-03"]},{"key":"dc:date.issued","label":"Date","values":["2019-03"]},{"key":"dc:publisher.department","label":"Dc Publisher Department","values":["Department of Economics"]},{"key":"dc:publisher.institution","label":"Dc Publisher Institution","values":["University of Essex"]},{"key":"dc:relation.isreferencedby","label":"Dc Relation Isreferencedby","values":["https://repository.essex.ac.uk/24360/"]},{"key":"dc:type","label":"Dc Type","values":["Thesis"]},{"key":"dc:type.qualificationlevel","label":"Dc Type Qualificationlevel","values":["doctoral"]},{"key":"dc:type.qualificationname","label":"Dc Type Qualificationname","values":["phd"]}]},{"id":"subjects_keywords","label":"Subjects and Keywords","entries":[{"key":"dc:subject","label":"Dc Subject","values":["HB Economic Theory"]}]},{"id":"language_rights","label":"Language and Rights","entries":[{"key":"dc:language","label":"Dc Language","values":["en"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier.uri","label":"Identifier URI","values":["https://repository.essex.ac.uk/24360/1/Pancras_Mayengo_Thesis_2019.pdf"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description.abstract","label":"Abstract","values":["Capital flows to emerging economies are commonly regarded as volatile and are easily influenced by external shocks. For example, the recent sharp normalization of monetary policy in the U.S. could result in emerging markets experiencing capital flight and domestic exchange rate depreciations. Sharp exchange rate depreciations increase the cost of servicing foreign debt for emerging economies, which often have significant proportions of foreign currency debt. How should central banks and governments in emerging economies respond? We answer this question by proposing macroprudential policies which target the drivers of capital flows in the sectoral destinations of such flows. Unlike the recent literature on macroprudential policies, we show how it is crucial to identify the drivers of capital flows (specifically in sectoral destinations) in order to design policies to mitigate macro-financial risks and financial crises."]},{"key":"dc:format","label":"Dc Format","values":["text"]},{"key":"dc:title","label":"Title","values":["Essays on Capital Flows and Macroprudential Regulation"]}]}],"canonical_facts":{"dc:contributor.sponsor":["ESRC"],"dc:creator":["Mayengo, Pancras Kafonogo"],"dc:date":["2019-03"],"dc:date.issued":["2019-03"],"dc:description.abstract":["Capital flows to emerging economies are commonly regarded as volatile and are easily influenced by external shocks. For example, the recent sharp normalization of monetary policy in the U.S. could result in emerging markets experiencing capital flight and domestic exchange rate depreciations. Sharp exchange rate depreciations increase the cost of servicing foreign debt for emerging economies, which often have significant proportions of foreign currency debt. How should central banks and governments in emerging economies respond? We answer this question by proposing macroprudential policies which target the drivers of capital flows in the sectoral destinations of such flows. Unlike the recent literature on macroprudential policies, we show how it is crucial to identify the drivers of capital flows (specifically in sectoral destinations) in order to design policies to mitigate macro-financial risks and financial crises."],"dc:format":["text"],"dc:identifier.uri":["https://repository.essex.ac.uk/24360/1/Pancras_Mayengo_Thesis_2019.pdf"],"dc:language":["en"],"dc:publisher.department":["Department of Economics"],"dc:publisher.institution":["University of Essex"],"dc:relation.isreferencedby":["https://repository.essex.ac.uk/24360/"],"dc:subject":["HB Economic Theory"],"dc:title":["Essays on Capital Flows and Macroprudential Regulation"],"dc:type":["Thesis"],"dc:type.qualificationlevel":["doctoral"],"dc:type.qualificationname":["phd"]},"updated_at":"2026-07-24T02:18:26Z"}