{"id":4509,"date":"2010-02-22T16:57:47","date_gmt":"2010-02-22T21:57:47","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=4509"},"modified":"2011-01-20T16:29:39","modified_gmt":"2011-01-20T21:29:39","slug":"imf-eases-thoughts-on-capital-controls","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2010\/02\/22\/imf-eases-thoughts-on-capital-controls\/","title":{"rendered":"IMF eases thoughts on capital controls"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignright size-full wp-image-4510\" src=\"http:\/\/blogs-devl.bu.edu\/bunow\/files\/2010\/02\/IMF-seal.gif\" alt=\"IMF seal\" width=\"150\" height=\"149\" \/>The International Monetary Fund is apparently <a title=\"rethinking\" href=\"http:\/\/www.nytimes.com\/2010\/02\/22\/business\/22imf.html?scp=2&amp;sq=IMF&amp;st=cse\" target=\"_blank\">rethinking<\/a> some of its long-held ideas about how unfettered capital flows between countries are &#8220;a fundamentally benign phenomenon.&#8221;\u00a0 International relations Professor <a title=\"Kevin Gallagher\" href=\"http:\/\/www.bu.edu\/ir\/faculty\/alphabetical\/gallagher\/\" target=\"_blank\">Kevin Gallagher<\/a>, co-author of &#8220;<em><a title=\"Capital Controls and 21st Century Financial Crises\" href=\"http:\/\/www.peri.umass.edu\/236\/hash\/7eb47c3a9e\/publication\/394\/\" target=\"_blank\">Capital Controls and 21st Century Financial Crises<\/a><\/em>,&#8221; says it&#8217;s about time the IMF sees that some capital controls are useful and necessary.<\/p>\n<p><em>&#8220;<\/em><em>The U.S. National Bureau of Economic Research published an assessment in 2007 that came to the same conclusion.\u00a0 <\/em><em>Now, the challenge for both the IMF and the United States is to \u2018practice what you preach.\u2019 The U.S. needs to put its policy on capital controls in tune with economic science.&#8221;<\/em><\/p>\n<p>Contact Kevin Gallagher, 617-353-9348, <a href=\"mailto:kpg@bu.edu\">kpg@bu.edu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The International Monetary Fund is apparently rethinking some of its long-held ideas about how unfettered capital flows between countries are &#8220;a fundamentally benign phenomenon.&#8221;\u00a0 International relations Professor Kevin Gallagher, co-author of &#8220;Capital Controls and 21st Century Financial Crises,&#8221; says it&#8217;s about time the IMF sees that some capital controls are useful and necessary. &#8220;The U.S. [&hellip;]<\/p>\n","protected":false},"author":114,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4491],"tags":[2313,1701,2312],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/4509"}],"collection":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/comments?post=4509"}],"version-history":[{"count":5,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/4509\/revisions"}],"predecessor-version":[{"id":7874,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/4509\/revisions\/7874"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=4509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=4509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=4509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}