Focusing on capital controls, this study provides rigorous legal analysis to establish whether the mandate of the International Monetary Fund (IMF) extends to the capital account; that is, whether the IMF has the authority to control and/or regulate the use of capital controls by its member...

Today, the importance of Foreign Direct Investment (FDI) is recognized nearly universally. But when it comes to inbound FDI in the form of cross-border mergers and acquisitions, states see their interests affected. (Published in German.)

The developing economies of the Asia Pacific Economic Cooperation (APEC) have been the recipients of a considerable volume of capital inflows in the 1990s. Given the increased integration of capital markets, it is not surprising that monetary control became more difficult for many developing...