Econ and Finance - 26 Jul 2017

Capital controls by any other name

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The PBoC knows that capital controls are self-defeating.

PBoC Deputy Governor Chen Yulu said as much at a recent meeting between the central bank and the IMF (Yicai):

“’We are aware that long-term and large-scale capital controls are not able to effectively cope with capital outflow pressures...

Snuh-ohez.

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