{"id":5188,"date":"2010-04-14T11:18:21","date_gmt":"2010-04-14T16:18:21","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=5188"},"modified":"2011-01-20T14:44:00","modified_gmt":"2011-01-20T19:44:00","slug":"imf-tempers-on-capital-controls","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2010\/04\/14\/imf-tempers-on-capital-controls\/","title":{"rendered":"IMF tempers on capital controls"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignleft size-full wp-image-5190\" src=\"http:\/\/blogs-devl.bu.edu\/bunow\/files\/2010\/04\/IMF-seal.gif\" alt=\"IMF seal\" width=\"150\" height=\"149\" \/>The International Monetary Fund recently endorsed\u00a0the use of capital controls by governments to avoid asset bubbles.\u00a0\u00a0Now it&#8217;s <a title=\"backing off\" href=\"http:\/\/www.reuters.com\/article\/idUSN1324211120100413?type=marketsNews\" target=\"_blank\">backing off <\/a>a bit, saying such policies could cause distortions in domestic and international markets.\u00a0 International Relations Professor <a title=\"Kevin Gallagher\" href=\"http:\/\/www.bu.edu\/ir\/faculty\/alphabetical\/gallagher\/\" target=\"_blank\">Kevin Gallagher<\/a>, a specialist in globalization and development who has <a title=\"written\" href=\"http:\/\/www.foreignpolicy.com\/articles\/2010\/03\/29\/control_that_capital\" target=\"_blank\">written<\/a> about the IMF and capital controls in <em>Foreign Policy<\/em> magazine, says the IMF is waffling.<\/p>\n<p><em>&#8220;On capital controls the IMF seems to be stuck making one step forward, two steps back.\u00a0\u00a0Capital controls are instrument to correct for distortions, not create them.&#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 recently endorsed\u00a0the use of capital controls by governments to avoid asset bubbles.\u00a0\u00a0Now it&#8217;s backing off a bit, saying such policies could cause distortions in domestic and international markets.\u00a0 International Relations Professor Kevin Gallagher, a specialist in globalization and development who has written about the IMF and capital controls in Foreign Policy [&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":[2679,1701,2312],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/5188"}],"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=5188"}],"version-history":[{"count":6,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/5188\/revisions"}],"predecessor-version":[{"id":7794,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/5188\/revisions\/7794"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=5188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=5188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=5188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}