Evidence on the effectiveness of capital controls remains mixed, despite widespread use among emerging markets and continued research into the topic.
In 2012 the International Monetary Fund caused controversy by switching its position on capital controls from firmly against to cautiously in favour. Writing in 2013, IMF economists Olivier Blanchard, Giovanni Dell'Ariccia and Paolo Mauro said that despite a multitude of examples, evidence on the effectiveness of capital controls is "surprisingly i
- Central banks may be thinking wrongly about inflation – Borio
- European Commission announces supervisory agency reforms
- Bank of Russia will be able to handle fallout from failing banks, analysts say
- Riksbank outlines three visions of ‘e-krona’
- Uruguay’s digital currency pilot ‘close to launch’, says governor