Rise of fintech strengthens case for capital controls, IMF says

The increasing efficiency of global financial transactions due to new forms of fintech may mean there is a stronger case for using capital controls, the International Monetary Fund said on May 10.

IMF managing director Kristalina Georgieva said evolution in payment systems would have a knock-on effect on the international monetary system. The world could see an increase in capital flows. Capital inflows might boost productive investment, but such flows have often proved volatile in the past.

S

You are currently unable to copy this content. Please contact [email protected] to find out more.

by :

Source link

Capital Media

Read Previous

IMF Ukraine / Sri Lanka / Food Security

Read Next

Rate for : AUSTRALIA

%d bloggers like this: