“The International Monetary Fund endorsed nations’ use of capital controls in certain circumstances, making official a shift, which has been in the works for three years, that will guide the fund’s advice. In a reversal of its historic support for unrestricted flows of money across borders, the Washington-based IMF said controls can be useful when countries have little room for economic policies such as lowering interest rates or when surging capital inflows threaten financial stability.”
http://consultingbyrpm.com/blog/2012/12/imf-ok-with-capital-controls-inflationists-shrug.html
(Visited 38 times, 1 visits today)
Related posts:
Delay in Obamacare requirement puts onus on the honor system
Netanyahu lost his Iran bet, but his next gamble may be disastrous
4.5 million electronic health records from 20 hospitals compromised
Police Officer Faces Charges In Fatal DUI Crash
Britain considers banning Internet pornography over ‘corroding’ influence on children
Border Patrol blames victims as high-speed chase ends in crash killing at least 5
Behind Google’s mission to map the world
Swiss government unveils new plan to end US tax dispute, bypassing parliament
Faulty Government Websites Confront Needy in Search of Aid
In a Tough Job Market, Who’s Employed and Who's Not
Exante Adds Share Trading To Global Bitcoin Hedge Fund
Russian Authorities Raid German Foundations and NGOs
Window coating electrically regulates heat and light passing through
Bitcoin billionaires
Outcome of Kelly Thomas case was all too familiar