Capital Controls: No Longer Unorthodox

Lack of significant reforms of regional and international financial architecture have meant that emerging economies have decided to take things into their own hands. Apart from stockpiling international reserves as a precaution against future capital account reversals and implementing stronger domestic prudential regulations, there has been a resurgence of interest in the issue of capital controls. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.