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When the government is buying and selling currency at some rate commensurate with capital coming in and out of the country -> it's a capital control.
by jariel 6y ago
When the government is buying and selling currency at some rate commensurate with capital coming in and out of the country -> it's a capital control.
- pydry 6y agoReacting to capital leaving the country uncontrolled is not a capital control. It's a reaction to capital leaving the country uncontrolled. Fixed exchange rate regimen != capital controls.