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Central Banks' Recent Experiments with Capital Controls Not Very Effective

The recent use of short-term capital controls has not helped governments stop exchange rate appreciations, prevent asset price booms and busts, nor avoid general economic volatility post-Great Recession, according to new research by Michael Klein of Tufts University. In this video, BPEA co-editor Justin Wolfers discusses the research findings presented at the Fall 2012 Conference of the Brookings Papers on Economic Activity. Learn more about BPEA at: http://goo.gl/yLo81
Length: 01:13

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