
Ep 15: Controlling Credit (with Eric Monnet)
Library of Mistakes
Capital Controls and the Bretton Woods Agreement
I wanted to read something else from your book on relation to capital controls. Do you still think that capital controls are a necessary part of credit controls or can we have credit controls without capital controls? I mean, usually capital control are there for years and quite targeted to some specific sectors because there are more complements of domestic policies. Well, what is a financial complement to what many countries are doing now? It's kind of trade protection that they say you cannot, I mean, you have subsidies if you buy cars, for example, from your own market. Okay. So this is trade protection, but I think this may have a counterpart in the financial markets, too.
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