Capital controls are effective on occasions: IMF report
An International Monetary Fund report, published on August 5, said capital controls and related prudential measures can be effective in some cases, but not in others.
Karl Habermeier, Annamaria Kokenyne and Chikako Baba, the paper's authors, clarified the circumstances under which capital controls and prudential policies designed to influence cross-border capital flows could be a part of the toolkit to manage large capital inflows.
Habermeier, Kokenyne and Baba found that capital inflow surges
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