If Spain didn’t need capital controls, why would anyone?

Until relatively recently, academics and Western policymakers overwhelmingly supported the official position of the European Union. Nowadays we live in a world where the head of the International Monetary Fund — who also happens to be the former Finance and Economy Minister of France — publicly says the “inherent volatility” of cross-border capital movements is a problem.

Continue reading: If Spain didn’t need capital controls, why would anyone?

Until relatively recently, academics and Western policymakers overwhelmingly supported the official position of the European Union. Nowadays we live in a world where the head of the International Monetary Fund -- who also happens to be the former Finance and Economy Minister of France -- publicly says the "inherent volatility" of cross-border capital movements is a problem.

Continue reading: If Spain didn’t need capital controls, why would anyone?