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The Political Economy of Capital Controls

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Although globalisation is seen by many as the key economic trend, restrictions on international capital movements remain the norm in international finance. In 1996, 144 out of 186 countries maintained capital controls (IMF). Yet the vast majority of economists object to most controls on capital movement, arguing that they distort the allocation of capital and allow opportunities for fraud. What leads governments to impose restrictions on international capital movements? In this study of capital controls, Gunther Schulze ...

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The Political Economy of Capital Controls
2010, Cambridge University Press, Cambridge

ISBN-13: 9780521142854

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The Political Economy of Capital Controls
2000, Cambridge University Press, Cambridge, England

ISBN-13: 9780521582223

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