Thai governor becomes latest to attack IMF capital controls framework

Prasarn Trairatvorakul, the governor of the Bank of Thailand, on Tuesday joined officials in Brazil and India in criticising the IMF's attempts to produce a policy framework for the implementation of capital controls.

The IMF last month released a document, Recent Experiences in Managing Capital Inflows-Cross-Cutting Themes and Possible Policy Framework, which proposed circumstances in which the use of capital controls is appropriate.

The document advised countries to allow their exchange rate t

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