Franklin

Should Financial Flows Be Regulated? [electronic resource]: Yes / Gerald Epstein.

Author/Creator:
Epstein, Gerald, author.
Publication:
New York : United Nations, 2009.
Series:
UN Department of Economic and Social Affairs (DESA) Working Papers, 2520-6656 ; no.77.
UN Department of Economic and Social Affairs (DESA) Working Papers, 2520-6656 ; no.77
Format/Description:
Government document
Book
1 online resource
Local subjects:
Economic and Social Development. (search)
Summary:
As the international financial crisis spreads, some governments are using "unconventional tools" of monetary and financial policy to protect themselves. Should policies to control international capital flows be part of the government "toolkit" in these difficult times? This essay answers: YES. It describes the economic arguments for and against using capital controls, prudential regulations and other "capital management techniques" to manage international financial flows, presents empirical evidence on their impacts, and describes the variety of policies that many countries have successfully applied to enhance macroeconomic and financial stability, create policy space, and achieve other national development goals.
Publisher Number:
10.18356/66ad85ef-en doi
Access Restriction:
Restricted for use by site license.
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