Treasury & Capital Markets / Viewpoint
IMF still behind the times on capital controls
Although the International Monetary Fund’s newly revised policy framework on capital controls makes some improvements on what came before, it is still likely to do more harm than good. Real-world experience and advances in economic theory have shown that the IMF’s suspicions about such policies are misplaced
Joseph E. Stiglitz and Jonathan D. Ostry 18 May 2022
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