WBEZ brings you fact-based news and information. Sign up for our newsletters to stay up to date on the stories that matter.“Capital controls” are mechanisms countries use to control the flow of money in and out of their economy. For decades, conventional economic wisdom has been to let money come in unabated, and the International Monetary Fund has supported this view. Jonathan Ostry, Deputy Director of the Research Department (RES) at the IMF, explains why the organization has changed its position. (Photo: Wikimedia Commons/IMF).