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European Salon de News, Discussion et Klatsch - 18. February | 100 comments (100 topical, 0 editorial, 0 hidden)

Next stop: capital controls.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Wed Feb 18th, 2009 at 04:09:27 AM EST
[ Parent ]

Re: Economy and Finance (none / 1)

capital controls...does that mean countries freezing bank accounts, or new laws about moving cash from country to country in the EU?

~"When an inner situation is not made conscious, it appears outside as fate." Karl Jung~

by melo (melometa4(at)gmail.com) on Wed Feb 18th, 2009 at 04:40:07 AM EST
[ Parent ]

Re: Economy and Finance (none / 0)

I would have thought controls on movement in and out of the Eurozone.

by Colman (colman at eurotrib.com) on Wed Feb 18th, 2009 at 04:41:57 AM EST
[ Parent ]

Re: Economy and Finance (none / 1)

Capital exit taxes. There are several possible scopes for this: national, Eurozone, EU, EEA. The narrower, the easier to do politically but the harder to fit into the EU treaties.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Wed Feb 18th, 2009 at 04:58:01 AM EST
[ Parent ]

Re: Economy and Finance (none / 1)

See Krugman on capital controls (1999).

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Wed Feb 18th, 2009 at 05:03:27 AM EST
[ Parent ]

European Salon de News, Discussion et Klatsch - 18. February | 100 comments (100 topical, 0 editorial, 0 hidden)

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