Was it really just over a decade ago that the International Monetary Fund and investors howled when Malaysia imposed capital controls in response to the Asian financial crisis? We ask because suddenly those times seem so distant. Today, the IMF is not just sitting on its hands as country after country resurrects capital controls, it is actually going so far as to promote their use. What about the investors whose freedoms are eclipsed by the new controls? Well, their enthusiasm for foreign lending and investing has not been damped in the least. So what is going on here? In our view, nothing short of the most significant transformation in global financial management of the past 30 years.
那真的是10多年前才发生的事情吗？当时马来西亚为应对亚洲金融危机开始实行资本管制，国际货币基金组织(IMF)和投资者开始对此咆哮不已。我们之所以这样问，是因为突然之间，那些年代似乎变得如此遥远。如今，在一个又一个国家重新实行资本管制之际，IMF不仅袖手旁观，而且实际上是在鼓励这种做法。那些因这些新的管制措施而被剥夺了自由的投资者呢？他们对海外放贷及投资的热情丝毫没有减弱。这到底是怎么回事？在我们看来，这是过去30年manbetx app苹果 金融管理领域最为重大的一场转变。