Business, Management and Accounting
8 years ago

Global Financial Stability at Risk: Rethinking Unfettered Capital Flows

SSRN Electronic Journal
ADB Forum on the Use of Capital Controls
Jonathan D. Ostry, Maria Socorro Gochoco‐Bautista, Changyong Rhee, Michael M. Hutchison, Chalongphob Sussangkarn, Eli M. Remolona, Masahiro Kawai

Paper Summary

The ADB Forum on the Use of Capital Controls discussed how countries are reconsidering allowing unrestricted capital flows due to risks to financial stability. The forum explored the potential benefits of using capital controls as a tool to manage capital flows. It also looked at the experiences of some Asian countries that have implemented capital controls.

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