Rise of fintech strengthens case for capital controls, IMF says
Nations might should throw “sand within the gears” to guard financial sovereignty, says Georgieva
The rising effectivity of worldwide monetary transactions on account of new types of fintech might imply there’s a stronger case for utilizing capital controls, the Worldwide Financial Fund stated on Could 10.
IMF managing director Kristalina Georgieva stated evolution in cost techniques would have a knock-on impact on the worldwide financial system. The world might see a rise in capital flows. Capital inflows may enhance productive funding, however such flows have typically proved unstable up to now.
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