Capital Controls: The Policy Pendulum Just Keeps Swinging

By Kavaljit Singh | Policy Brief # 3 | April 5, 2019

Contrary to popular perception, both the developed and the developing countries have extensively used a variety of capital controls to restrict and regulate the cross-border movement of capital. Although the types of capital controls and their implementation varied from country to country, it would be difficult to find any country in the world that…

Why the US Needs a Financial Transaction Tax

By Kavaljit Singh | Briefing Paper # 24 | March 23, 2019

The financial transaction tax is an issue that never goes away from the public agenda completely. It keeps coming back to the policy and political discussions in different forms across the world. Currently, the idea of a financial transaction tax (FTT) is gaining in popularity within the Democratic Party of the United States as…

A Manifesto for Trade Justice

By Forum Against FTAs | Manifesto | March 19, 2019

Following is the text of a manifesto for trade justice released by Forum Against FTAs – a network of India’s civil society organisations, trade unions, farmers’ groups, and concerned citizens – on the eve of the 2019 general elections urging all political parties to take a people-centric approach on trade policy and to institutionalise transparency in…

Why Capital Controls Are Important?

By Kavaljit Singh | Policy Brief # 2 | January 10, 2019

The massive surge in capital inflows to emerging market economies (EMEs) following the 2008 global financial crisis has reignited the debate on the pros and cons of international capital mobility. While free movement of capital across borders can reduce the cost of capital, enable investments and allow investors to diversify their portfolio, it can…