Asia Considers Capital Controls

[jk]

Asia Considers Capital Controls to Stem Bubble Danger

Nov. 20 (Bloomberg) -- Asian policy makers are studying capital controls to limit “hot money” inflows that may stoke asset bubbles and force their currencies to appreciate.

Officials from India, South Korea and Indonesia are among those expressing concern over overseas capital stoking stock and real estate prices. Indonesia’s central bank is “seriously” studying a limit on inflows to short-term bills, Senior Deputy Governor Darmin Nasution said yesterday. Taiwan last week banned international investors from placing funds in time deposits.

etc

http://www.bloomberg.com/apps/news?p...JUKXcM3A&pos=2

[Slimprofits]

Re: Asia Considers Capital Controls

an overview of existing capital control measures in Asian countries

[metalman]

Re: Asia Considers Capital Controls

russia, too...

Russia Weighs Cross-Border 'Tobin' Tax

Russia is considering ways to discourage speculative currency traders from driving up the ruble exchange rate, including a tax on cross-border currency transactions, a central-bank official said Thursday. Such a plan would put Russia in line with other commodity-exporting economies including Brazil and Indonesia, which view inflows of speculative money as a threat to the profitability of their raw-materials exporters.

http://online.wsj.com/article/SB1000...830905900.html

[jk]

Re: Asia Considers Capital Controls

add brazil, of course. it looks like the u.s. won't have to impose controls to hinder capital flight- all the destinations will do it instead.

[touchring]

Re: Asia Considers Capital Controls

add brazil, of course. it looks like the u.s. won't have to impose controls to hinder capital flight- all the destinations will do it instead.

This game is dirtier than most Americans think. Really, who wants American capital?

What BRIC want are American jobs and American spending.

Taxing capital flow is a good way to raise government revenue while at the same time maintaining exchange rates low enough to ensure jobs flow to the BRIC.