Controls
in sentence
1229 examples of Controls in a sentence
Prudential
controls
on capital flows make a lot of sense.
Surely, as the economists Arvind Subramanian and John Williamson have written, emerging markets deserve the IMF’s help in designing better prudential
controls
over capital inflows instead of having their wrists slapped.
It is also emblematic of the knee-jerk reaction that often obfuscates the pros and cons of capital
controls.
You can oppose capital
controls
because you believe financial markets are on the whole a force for good, and that any interference will therefore generate efficiency losses.
Or you can oppose
controls
because you think that they can be easily evaded and are therefore doomed to remain ineffective.
What you can’t do is oppose capital
controls
because they are both costly and ineffective.
If capital
controls
can be easily evaded – say, by manipulating the timing of transactions or through mis-invoicing of trade flows – then there will be little effect on the actual volume of capital inflows.
The
controls
will impose few costs on markets (though they may involve some administrative costs for the government).
If, on the other hand, market participants do bear significant costs – either because of the taxes they pay or because of the expenses they incur to evade them – the
controls
will be effective in restraining inflows.
It may seem curious that Strauss-Kahn’s instincts are so off the mark on the matter of capital
controls.
Referring to capital controls, John Maynard Keynes famously said: “what used to be heresy [restrictions on capital flows] is now endorsed as orthodoxy.”
But, though the guests were expected to return home after two years, these
controls
gradually weakened as part of the general movement toward free trade and free capital movements.
This is an enticing spread for currency speculators who borrow in dollars and circumvent China’s capital
controls
to buy renminbi assets.
One approach might be simply to let the renminbi float without official intervention or
controls
on capital inflows.
Thus, China must maintain
controls
on inflows of financial capital for the time being, with the PBOC intervening to stabilize the renminbi/dollar exchange rate.
Some EU members, including Austria, Hungary, Slovenia, Spain, France, and the initially welcoming Denmark and Sweden, have reacted by practically suspending the Schengen Agreement and reinstating border
controls.
For Goodhart, the taproot of liberals’ hostility to migration
controls
is their individualist view of society.
But capital
controls
are not the only variable that determines financial openness.
Capital controls, whatever their benefits in terms of mitigating the risks associated with volatile capital flows, are costly in a variety of ways.
But even if capital
controls
could still fully insulate a country from the forces of financial globalization, such a goal would not be desirable.
One conclusion, therefore, is for countries to be cautious about removing capital
controls
when they have not yet reached the relevant “safety” thresholds, but equally to stress the sizable net benefits for countries that exceed the thresholds.
So Google scarcely controls, much less monopolizes, this rapidly evolving landscape.
The central government’s loss of authority is reflected in the number of its appeals – usually unsuccessful – that it makes to local government for compliance with limits on investment or
controls
on pollution.
John Maynard Keynes, who wrote the rules along with Harry Dexter White, viewed capital
controls
not as a temporary expedient but as a permanent feature of the global economy.
Uruguay suffered cruel stagnation from the middle 1950s to the 1970s, brought about by rampant protectionism, irresponsible public finance, and tight exchange
controls.
Given this, advanced-country policymakers should consider imposing some
controls
on their capital accounts (much as successful emerging economies do) – a move that would facilitate more independent and tailored approaches to exiting financial repression.
But it has also implemented heavy-handed police and military
controls.
In recent years, tight monetary policy and increasingly strict
controls
on the real-estate sector have caused the growth rate of fixed-asset investment to fall, from more than 25% annually before 2008 to around 20% today.
They are resisting appreciation through foreign-exchange intervention and capital
controls.
The government and the PBOC believe that relaxing capital
controls
and allowing financial capital to flow more freely in and out of the country will force financial market participants to up their game.
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