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Should We Still Support Untrammelled International Capital Mobility? Or are Capital Controls Less Evil than We Once Believed?

J. Bradford DeLong, U.C. Berkeley

Abstract

Fifteen years ago, I found it easy to be in favor of international capital mobility — the free flow of investment financing from one country to another. Then it was easy to preach for an end to all systems of controls on capital that hindered this flow. Now it is harder.

Suggested Citation

J. Bradford DeLong. "Should We Still Support Untrammelled International Capital Mobility? Or are Capital Controls Less Evil than We Once Believed?" The Economists' Voice 1.1 (2004).
Available at: http://works.bepress.com/brad_delong/4