By Charles Laurence.

Despite an international consensus emerging around the need to introduce a form of Capital Controls to dampen exuberant lending in periods of fast financial growth, this report argues that the impact of doing so has yet been fully considered.

Published soon after the announcement of the European Systemic Risk Board, Financial Instability: are Counter Cyclical Capital Controls the answer? looks at how Counter Cyclical Capital Controls (CCCCs) could work in the UK.