Tag Archives for capital controls

Capital controls are back on the agenda – but why did Britain scrap them in the 1970s?

Labour and Conservative governments in the 1970s abolished exchange controls and the reasons don’t just lie in free market ideology. Unhindered capital mobility – once understood as an unassailable feature of the modern global economy – has recently been called into question. While The Telegraph’s scare headlines may exaggerate things (‘How to protect your money from Corbyn’s threatened capital controls…’), … Continue reading

7 December 2017 by
Categories: SPERI Comment | Tags: , , , | Leave a comment

New SPERI paper on the abolition of Britain’s capital controls

We are pleased to publish a new SPERI Paper by Jack Copley on the role of competition and ideas in Britain’s abolition of capital controls which took place between 1977-9. In his paper Jack seek to challenge this conventional wisdom regarding the role of competition and ideas in capital control liberalisation through a close historical examination of Britain’s abolition of … Continue reading

7 December 2017 by
Categories: Uncategorized | Tags: , , | Leave a comment