Controls
in sentence
1229 examples of Controls in a sentence
Thus, the IMF’s recommendation to use capital
controls
only after exhausting interest-rate adjustment, reserve accumulation, and prudential regulation is out of step with the profession.
Indeed, recent work in economic theory shows that capital
controls
can actually be the optimal policy choice.
For example, the new welfare economics of capital
controls
views unstable capital flows as negative externalities on recipient countries, which implies that regulations on cross-border flows are the optimal tools to address market failures, improve market functioning, and enhance growth, not worsen it.
Indeed, the IMF’s own research shows that countries that deployed capital
controls
first – or alongside a host of other macroprudential measures – were among the most resilient during the global financial crisis.
In many cases, the
controls
were neither market-based nor temporary.
The good news is that Article VI of the IMF Articles of Agreement still stands: “Members may exercise such
controls
as are necessary to regulate international capital movements.”
It will prove a difficult period at the
controls.
Given this, it is vital that China maintains
controls
over short-term cross-border capital flows in the foreseeable future.
But, because numerous countries employed the same tactics in an environment in which a broad array of capital
controls
was in place and official exchange rates were pegged to the US dollar, a parallel currency market flourished.
Because the price slump has persisted, by 2015 capital
controls
were being tightened and currency pegs were being adjusted or abandoned.
For China’s effort to make Internet giants like Google, Yahoo, and Microsoft kowtow to its domestic political controls, and its push in Africa and Latin America to create blocs of nations that pursue economic development while ignoring human rights and environmental conservation, is a poor model for the developing world.
Within the territories it controls, ISIS persecutes and kills individuals on religious and cultural grounds, with a recent USHMM report concluding that the group has committed acts of genocide against the Yazidi minority population under its control.
If protectionism really is on his agenda, then we must assume that capital
controls
are, too.
So here’s the question: Who
controls
the provision of the publicly provided inputs?
The emerging economies’ monetary authorities have struggled to cope with these shocks using available instruments, including interest rates, exchange rates, prudential regulation, and capital
controls.
China moved to current-account convertibility in 1996, but retained a substantial number of
controls
on capital movements, which have served as a shield against financial contagion.
First, Macri’s government abolished exchange-rate
controls
and moved Argentina to a floating currency regime, with the Argentine peso allowed to depreciate by 60% against the US dollar in 2016.
Second, Macri’s government reduced taxes on commodity exports, which had been important to Kirchner’s administration, and removed a number of import
controls.
Meanwhile, the Assad regime benefits from the fact that parts of the country that it no longer
controls
cannot be called “liberated zones,” given the prevailing chaos and extremism in these areas.
Exchange-rate flexibility is not particularly useful when a country has no export capacity, and establishing import or foreign-exchange
controls
would only generate corruption and rent-seeking.
Similarly, the State Administration of Foreign Exchange (SAFE), the subsidiary of the People’s Bank of China that
controls
the foreign-exchange transactions of commercial banks and households, derives its power from controlling capital inflows and outflows.
Almost every day there are new warnings, with heavily armed policemen in the streets, concrete barriers appearing in front of embassies and public buildings, stricter
controls
at airports and elsewhere - each a daily reminder of the insecurity that surrounds us.
International security cooperation, border controls, and transport sector monitoring are all important, but they don’t go far enough.
For example, the two dominant state-owned TV channels are under strict Social Democratic supervision, and the party also
controls
professorial appointments and academic research through politicization of funding agencies and university boards.
Avoiding a post-exit implosion of the Greek banking system, however, might require temporary measures, such as bank holidays and capital controls, to prevent a disorderly run on deposits.
To minimize that risk, the Troika reserves currently devoted to the Greek bailout should be used to limit exchange-rate overshooting; capital
controls
would help, too.
The French socialists inexplicably became advocates of freeing up
controls
on international capital movements.
If that fails, Trump could unilaterally intervene to weaken the dollar, or impose capital
controls
to limit dollar-strengthening capital inflows.
Along the Mexico-US border, the deployment of sophisticated border
controls
leads people to starve while attempting passage in the desert’s remotest stretches.
Wealthy states and regions face the dilemma of designing border
controls
that reflect not only the needs and demands of their populations, but also their responsibility to those seeking to enter their territory.
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