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Further easing of capital controls would certainly hasten the liberalisation of currency and interest rates.
It is proud of its "carefully calibrated" easing of capital restrictions over the past 18 years.
An easing of capital controls between Hong Kong and Qianhai would seem to require a tightening of controls between Qianhai and the rest of the mainland.
BUSINESS DAY The DealBook column on Tuesday, about the easing of capital requirements for banks worldwide, misidentified the institute with which John Berlau, who wrote a paper on the issue, is affiliated.
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It also seems relevant that labour share has fallen since the early 1980s, according to recent research by Loukas Karabarbounis and Brent Neiman who credit the falling cost of investment goods relative to labour, which has eased substitution of capital for labour.
Now many sThetups areaseinging in banks like Credit Suisse — which often run IPOs — to run their financapitalunds.
The central bank has also announced a further easing of the capital controls imposed last year and this week it revealed a plan to buy back most of the outstanding scrip (funny money) issued by cash-strapped provinces.These measures follow many other signs of incipient recovery in Argentina.
China, bristling at calls to revalue the yuan, ruled out any change to its currency peg ahead of a visit by U.S. Treasury Secretary John Snow but offered a token easing of its capital controls.
Policymakers can short circuit the recovery process by kick-starting business investment in the U.S. through easing the supply of capital and not just its price.
The wide-ranging law also eases some aspects of capital market regulation.
Iceland's parliament approves measures to ease the end of capital controls.
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