Paul Lachine

关于资本控制的常识

圣地亚哥——

极少有政策辩论比关于资本控制的辩论更让人陌生。向一位知名经济学家或银行家提这个问题,你有可能会得到一个震惊的回答:资本管制不中用,因为投机者逃避这项体制几乎不需要成本,各国决不应该采取这些措施,因为这样做是代价很大。我是唯一发现这种逻辑有点奇怪的人吗?

第二阶段谈话的内容也很奇怪。资本管制在处理潜在的不稳定资本流入中起不到任何作用,但所谓的“审慎监管”却相当不错。别人可能会告诉你,资本管制交易并非一视同仁,而是按照国家进行区分,这样可不好。审慎监管建立在交易货币的成熟程度上,这样就挺好。

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