Emerging market governors back targeted capital controls


Capital controls may be needed to mitigate the effects of a “new normal” in capital flows, according to central bank governors speaking on a panel at the International Monetary Fund World Bank Group annual meetings.

Average capital flows into emerging economies doubled in the most recent decade relative to the last two, said Ravi Menon, managing director of the Monetary Authority of Singapore. “They have averaged 4.5% of GDP, peaking at 10% in 2007,” he said.

The capital flow cycle is tightly

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: