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Capital controls were an integral part of the Bretton Woods system which emerged after World War II and lasted until the early 1970s. This period was the first time capital controls had been endorsed by mainstream economics. Capital controls were relatively easy to impose, in part because international capital markets were less active in ...
free capital movement (absence of capital controls) an independent monetary policy It is both a hypothesis based on the uncovered interest rate parity condition, and a finding from empirical studies where governments that have tried to simultaneously pursue all three goals have failed.
As capital controls are reduced, the modern world has begun to look a lot less like the world modelled by Heckscher and Ohlin. It has been argued that capital mobility undermines the case for free trade itself, see: Capital mobility and comparative advantage Free trade critique. Capital is mobile when: There are limited exchange controls
Prudential capital controls are typical ways of prudential regulation that takes the form of capital controls and regulates a country's capital account inflows. Prudential capital controls aim to mitigate systemic risk , reduce business cycle volatility, increase macroeconomic stability, and enhance social welfare .
Russia has reimposed some of the capital controls it introduced in the wake of its full-scale invasion of Ukraine in a new attempt to prop up the ruble as the cost of war weighs heavily on the ...
Marshall Steinbaum of Boston Review stated that in comparison to Capital in the Twenty-First Century the work "loses much of the economic theory, but it gains a vast wealth of historical, sociological, and political detail". He wrote that the book "systematically demolishes [the] self-serving conceit" of the economy as a natural force ...
China's onerous capital account controls were all too apparent for Oziter Mao during a recent trip to a state bank."It was so troublesome to transfer just a few thousand yuan out of China to ...
The existence of an elite or ruling class which controls the country, exploiting the working population in the technical Marxist sense. This idea is based on passages from Marx, where Marx emphasized that capital cannot exist except within a power-relationship between social classes which governs the extraction of surplus-labour.