Articles for Capital Controls

Javier Milei, free-market revolutionary
1 month, 1 week ago

Javier Milei, free-market revolutionary

Live Mint  

Sometimes familiarity breeds fondness. For Mr Milei the lesson is clear: “anything I can do to remove the interference of the state, I’m going to do." View Full Image Graphic: The Economist Mr Milei says he has tried to make sure that the cuts fall upon the state itself, more than its poorest citizens. Now Mr Milei trumpets that “Argentina …

Inflation Economic Capital Month Milei Lula Mr Milei
The impossible trinity: how the free movement of capital comes with a cost
2 years, 3 months ago

The impossible trinity: how the free movement of capital comes with a cost

The Hindu  

The impossible trinity, or the trilemma, refers to the idea that an economy cannot pursue independent monetary policy, maintain a fixed exchange rate, and allow the free flow of capital across its borders at the same time. On the other hand, if policymakers of a country choose to pursue independent monetary policy, they may not be able to maintain the …

India Policy Japan Monetary Policy Bank Capital Interest Rates
Russia slashes interest rates as ruble rebound provides some relief
2 years, 7 months ago

Russia slashes interest rates as ruble rebound provides some relief

CNN  

London CNN Business — Russia slashed interest rates on Thursday as a resurgent ruble — buoyed by robust oil and gas revenues and government support— takes some pressure off its wobbling economy. “Inflationary pressure eases on the back of the ruble exchange rate dynamics as well as the noticeable decline in inflation expectations of households and businesses,” the Russian central …

Russia Oil Interest Rates Russian Western Sanctions Capital Controls Ruble Rebound
What are capital controls and how is Russia seeking to use them to ease the pain of sanctions?
2 years, 8 months ago

What are capital controls and how is Russia seeking to use them to ease the pain of sanctions?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. While liberal, free market economists used to consider such …

Bank Capital Sign Russian Central Capital Controls
Parliament pushes for capital controls law as Lebanese protest
2 years, 8 months ago

Parliament pushes for capital controls law as Lebanese protest

Al Jazeera  

Protesters gather in front of the Lebanese parliament on a weekly basis as it moves to pass a capital controls law. Beirut, Lebanon – Almost three years after banks in Lebanon began preventing the withdrawal of US dollars from bank accounts, families in the country are now fearful a proposed capital controls law will make things worse, as they continue …

Law Economic Commercial Capital Lebanon Banks Imf
The rise of the rouble amid the Ukraine invasion
2 years, 9 months ago

The rise of the rouble amid the Ukraine invasion

The Hindu  

The story so far: The Russian rouble has staged an impressive recovery after it lost about half of its value in the wake of Russia’s invasion of Ukraine. These sanctions included cutting off many Russian banks from the SWIFT payments signalling system and also freezing the Russian central bank’s foreign reserves held abroad. The freezing of the Bank of Russia’s …

Ukraine Russia Sanctions Bank Capital Western Central
Argentine peso: Macri imposes capital controls as currency crisis grows
5 years, 4 months ago

Argentine peso: Macri imposes capital controls as currency crisis grows

CNN  

London CNN Business — Argentina is taking desperate action to keep dollars in the country as it tries to prop up its collapsing currency and avoid defaulting on its debt for the third time since 2000. The government of President Mauricio Macri, who is trailing his opponent ahead of a general election in October, said this weekend that the central …

Argentina Currency Macri Capital Controls Imposes Capital