The IMF and capital controls

The IMF and capital controls
The IMF and capital controls

The IMF and capital controls

“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).