Daniela Gabor on Financial Globalization, Capital Controls, and the Critical Macrofinance Framework
Macro Musings with David Beckworth
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The Fourth Proposition on Capital Controls
Danello: In this environment, you need a drisking state for these liabilities. But just one more thought on the capital controls. It's hard to put any perriers up when times are good. So something needs to be done, but it's not clear what's the best way to do it. We've talked about two of your four propositions. Financial capitalism has evolved around market base finance.
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