Tagged: IMF

IMF tempers on capital controls

The International Monetary Fund recently endorsed the use of capital controls by governments to avoid asset bubbles.  Now it’s backing off a bit, saying such policies could cause distortions in domestic and international markets.  International Relations Professor Kevin Gallagher, a specialist in globalization and development who has written about the IMF and capital controls in Foreign Policy […]

China defends economic policies

In his once-a-year news conference, China’s premier sought to deflate pressure over Chinese economic policies and promised cooperation in revving up the global recovery.  International relations Professor Kevin Gallagher, author of “The Dragon in the Room: China and the Future of Latin American Industrialization,” says says its good that China is pointing to other countries […]

IMF eases thoughts on capital controls

The International Monetary Fund is apparently rethinking some of its long-held ideas about how unfettered capital flows between countries are “a fundamentally benign phenomenon.”  International relations Professor Kevin Gallagher, co-author of “Capital Controls and 21st Century Financial Crises,” says it’s about time the IMF sees that some capital controls are useful and necessary. “The U.S. […]