The International Regulatory Regime on Capital Flows and Trade in Services
Capital 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.
|Date of creation:||04 Jan 2012|
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- Christopher J. Neely, 1999. "An introduction to capital controls," Review, Federal Reserve Bank of St. Louis, issue Nov, pages 13-30.
- Natalia Tamirisa, 2003.
"Trade in Financial Services and Capital Movements,"
Journal of Financial Services Research,
Springer, vol. 24(1), pages 47-66, August.
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- repec:cup:cbooks:9780521582223 is not listed on IDEAS
- Williamsonn, John & Drabek, Zdenek, 1999. "Whether and when to liberalize capital account and financial services," WTO Staff Working Papers ERAD-99-03, World Trade Organization (WTO), Economic Research and Statistics Division.
- Schuknecht, Ludger, 1998. "A simple trade policy perspective on capital controls," WTO Staff Working Papers ERAD-98-11, World Trade Organization (WTO), Economic Research and Statistics Division.
- Kono, Masamichi & Schuknecht, Ludger, 1999. "Financial services trade, capital flows, and financial stability," WTO Staff Working Papers ERAD-98-12, World Trade Organization (WTO), Economic Research and Statistics Division.
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