The International Regulatory Regime on Capital Flows and Trade in Services
27 Pages Posted: 5 Jan 2012
Date Written: January 4, 2012
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.
Keywords: capital controls, exchange restrictions, international capital flows, economic crises
JEL Classification: F13, F31, F32, F53
Suggested Citation: Suggested Citation