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The Misguided Attractions of Foreign Exchange Controls

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  • Robert Dunn Jr

Abstract

For many, the liberalization of capital flows was one of the causes of recent unstable financial markets around the world. Seemingly successful exchange controls in Malaysia suggest that such regulations can limit instability, as has been argued in previous issues of Challenge. But in this piece, economist Robert Dunn presents a contrary case. He says exchange controls can be evaded too easily to be useful.

Suggested Citation

  • Robert Dunn Jr, 2002. "The Misguided Attractions of Foreign Exchange Controls," Challenge, Taylor & Francis Journals, vol. 45(5), pages 98-111.
    • Handle: RePEc:mes:challe:v:45:y:2002:i:5:p:98-111
    DOI: 10.1080/05775132.2002.11034171
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