Do capital controls deflect capital flows?

Paolo Giordani, Michele Ruta, Hans Weisfeld, Ling Zhu, 23 June 2014

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The size and volatility of capital flows to developing countries have increased significantly in recent years (Figure 1), leading many economists to argue that national policies and multilateral institutions are needed to govern these flows (Forbes and Klein 2013, Blanchard and Ostry 2012).

Topics: International finance
Tags: Brazil, capital controls, capital flows, Capital inflows, China, international capital flows, South Africa, spillovers

Failure and success of economic sanctions

Peter A.G. van Bergeijk, 27 March 2012

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The discussion about the effectiveness of economic sanctions as an instrument of foreign policy recently revived due to the recent oil embargo of Iran and the European embargo on equipment for the Syrian oil and gas industry. The consensus view seems to be that economic sanctions – despite the long history of and experience with this instrument – are still completely ineffective.

Topics: Politics and economics
Tags: democracy, economic sanctions, Iran, Iraq, North Korea, South Africa, Syria

Reforming global economic governance: A strategy for middle powers in the G20

Daniel D. Bradlow, 13 August 2010

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The global financial crisis exposed the G7 as an outdated and ineffective forum for global economic governance. In order to reinforce their credentials and their capacity, the G7 turned to the G20 and upgraded it from merely a gathering of finance ministers and central bankers to one that includes heads of state.

Topics: Global crisis, Global governance
Tags: G20, G7, global governance, South Africa

South Africa and the Pittsburgh G20 leaders summit

Peter Draper, Cézanne Samuel, 22 September 2009

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What a difference five months makes in the fortunes of our turbulent global economy. When G20 leaders met in London in April, the western financial system teetered on the brink of the abyss. Now, days before the third G20 leaders’ meeting in ten months, at Pittsburgh, the Governors of the US Federal Reserve and the Bank of England have purportedly declared the recession over.

Topics: Global governance
Tags: G20, South Africa

What future for monetary policy in Zimbabwe?

Andreas Freytag, Peter Draper, 28 February 2009

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Zimbabwe is much in the news again with its newly minted unity government. It remains to be seen whether it will cohere and drive a concerted reconstruction process. Zimbabwe’s future monetary policy is of enormous importance, given the country’s infamous inflation rate.

Topics: Monetary policy
Tags: crawling peg, currency board, Rand, Randisation, South Africa, Zimbabwe

South African objectives at the G20 leaders summit

Peter Draper, 14 November 2008

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To the apparent surprise of G20 finance ministers and central bank governors meeting in Washington last month, George W. Bush, the outgoing US President, proposed that a formal summit of G20 heads of state convene in Washington on November 15th.

Topics: Global governance
Tags: financial crisis, G20, IMF, South Africa, WTO

South Africa’s current account deficit: Are proposed cures worse than the disease?

Andreas Freytag, Peter Draper, 27 September 2008

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South Africa stands at the cusp of a crucial political transition, the contours of which are slowly becoming clearer. This is taking place in a domestic context of high unemployment and social agitation driven by high crime levels, whilst economic growth stalls in the midst of global recessionary conditions. Hence economic policy is again the subject of intense debate.

Topics: Macroeconomic policy
Tags: current account deficits, South Africa

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