IMF says 'herdlike' capital means countries must reform | Bangkok Post: news

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IMF says 'herdlike' capital means countries must reform

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Increasingly fickle capital flows mean that countries have to implement domestic reforms to protect their stability, the International Monetary Fund's powerful advisory board said Saturday. 

International Monetary Fund Managing Director Christine Lagarde (L) and International Monetary and Financial Committee chairman Tharman Shanmugaratnam attend the 2014 Spring Meeting on April 12, 2014, in Washington

After many emerging economies were hobbled by sharp capital outflows over the past year, the IMF's steering committee, the International Monetary and Financial Committee, said that more volatility was to come, especially as the US tightens monetary policy.

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