Many governments have used capital controls effectively to prevent or mitigate financial crises. However, U.S. trade and investment agreements still include sweeping restrictions on this policy tool. IPS has teamed up with the Global Development and Environment Institute at Tufts University to coordinate an economist statement urging the Obama administration to change course and allow governments to use capital controls, as part of a broader menu of policy options to protect their people from financial volatility.
Trade Agreements and Capital Controls
It's time for the Obama administration to change course and allow governments to use capital controls as part of a broader menu of policy options to curb financial volatility.
January 31, 2011
Sarah Anderson