The International Regulatory Regime on Capital Flows and Trade in Services
AbstractCapital controls and exchange restrictions are used to restrict international capital flows during economic crises. This paper looks at the legal implications of these restrictions and explores the current international regulatory framework applicable to international capital movements and current payments. It shows how international capital flows suffer from the lack of a comprehensive and coherent regulatory framework that would harmonize the patchwork of multilateral, regional, and bilateral treaties that currently regulate this issue.
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Bibliographic InfoPaper provided by Asian Development Bank Institute in its series ADBI Working Papers with number 338.
Length: 27 pages
Date of creation: 04 Jan 2012
Date of revision:
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More information through EDIRC
capital controls; exchange restrictions; international capital flows; economic crises;
Find related papers by JEL classification:
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- F31 - International Economics - - International Finance - - - Foreign Exchange
- F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
- F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-01-10 (All new papers)
- NEP-IFN-2012-01-10 (International Finance)
- NEP-REG-2012-01-10 (Regulation)
- NEP-SEA-2012-01-10 (South East Asia)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Natalia T. Tamirisa, 1999.
"Trade in Financial Services and Capital Movements,"
IMF Working Papers
99/89, International Monetary Fund.
- Schulze,Gunther G., 2010.
"The Political Economy of Capital Controls,"
Cambridge University Press, number 9780521142854, December.
- Bradley J. McDonald & Geoffrey J. Bannister & Natalia T. Tamirisa & Piritta Sorsa & Jaroslaw Wieczorek, 2000. "Trade Policy in Financial Services," IMF Working Papers 00/31, International Monetary Fund.
- Christopher J. Neely, 1999. "An introduction to capital controls," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 13-30.
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