Monthly Archives: October 2010

A Question of Sovereignty: Capital Controls Gain Credence

By Kavaljit Singh | Journal of Regulation and Risk North Asia | Summer/Autumn 2010

In June 2010, South Korea and Indonesia announced several policy measures to regulate potentially de-stabilising capital flows which could pose a threat to their economies and financial systems. South Korea kicked off the process on 13 June when it announced a series of currency controls to protect its economy from external shocks. The new currency controls are much wider in scope than foreign exchange liquidity controls announced earlier in 2009. Indonesia quickly followed suite on 16 June when its central…

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