Capital Controls (Rastello)

IMF draft guidelines endorse capital controls as last resort for inflows, by Sandrine Rastello, published by Bloomberg. Nations should be able to use capital controls as a last resort to manage inflows of money that threaten their financial stability, according to draft guidelines discusses by the board of the IMF. The report reviews how nations cope with inflows oj capital drawn by relatively higher interest rates and the faster pace of economic growth in emerging markets.   http://bloom.bg/fC9uzC