Capital controls - Investigating International Finance, Episode 2

New Economics Foundation, 2012
Level: beginner
Perspective: Post-Keynesian Economics
Topic: finance, trade
Format: Short Film
Duration: 00:10:28
In the second video of the series Investigating International Finance, an alternative view on capital controls is given contrasting with the paradigm of classical trade theory suggesting that the removal of trade and capital barriers is associated with higher market efficiency. After explaining the conceptual mechanisms underlying capital controls, examples are introduced where countries actually apply capital controls and how these controls have been associated with a lesser exposure to international financial crises spillovers.


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