МВФ нуждается в новых идеях относительно контроля капиталов

КЕМБРИДЖ. Почему Международный валютный фонд делает так, что людям, подобным мне, так трудно его любить?

МВФ говорил и делал только правильные вещи с тех пор, как начался кризис. Он срабатывал так быстро, как только может международная бюрократия, чтобы создавать новые линии кредитов для потрепанных стран с развивающейся экономикой. Он модернизировал свои условия предоставления кредитов, чтобы отвечать требованиям времени. Под руководством своего талантливого управляющего Доминика Штрауса-Кана и выдающегося главного экономиста Оливье Бланшара он стал голосом благоразумия в отношении глобальных финансовых стимулов, голосом, который выделялся среди множества безграмотных предложений. Для учреждения, которое совсем недавно, казалось, было почти бесполезным, это было настоящим преобразованием.

Но сейчас Штраус-Кан не проявляет энтузиазма по поводу предложений обложить налогами международные потоки «горячих денег». Поводом стало решение Бразилии ввести 2% налог на краткосрочные потоки капитала, чтобы предотвратить спекулятивный пузырь и дальнейшее удорожание ее валюты. Когда Штрауса-Кана спросили о роли контроля капиталов, он сказал, что не придерживается каких-либо твердых установок в этом вопросе. Тем не менее, согласно газете «Файнэншл таймс», которая доложила о взглядах главы МВФ, «МВФ не рекомендовал бы контроль капиталов в качестве стандартного предписания – так как на него необходимы затраты, и он не эффективен». К несчастью, это делает новый МВФ слишком похожим на старый.

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