Treasury, Australian - In: Economic Roundup (1999) 3, pp. 45-56
This article examines the implementation of the Variable Deposit Requirement (VDR) capital control scheme in Australia … in the 1970s. It notes that while capital controls can play a role in certain circumstances, they should not be used as a …, and depended on subjective judgements about what level of capital inflow was appropriate at the time, and was unrelated to …