Countercyclical measures key to stemming Indian inflows: Strauss-Kahn

strauss-kahn

Dominique Strauss-Kahn, the managing director of the IMF, on Tuesday said countercyclical macroprudential measures were essential for protecting financial stability in countries facing high levels of capital inflows.

At a meeting of the Federation of Indian Chambers of Commerce and Industry in New Delhi, Strauss-Kahn said: "On the whole, capital flows are beneficial to receiving economies-especially when driven by growth prospects, rather than short-term cyclical factors. But capital inflows can

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