December 7, 2020· 51 min
Why the IMF Changed Its Views on Capital Controls
Orality
Model
61%
Mixed oral/literate (blogs, casual essays)
Speaker Breakdown
HostTracy Alloway(1,434 words)
M:27%
HostJoe Weisenthal(1,046 words)
M:29%
GuestPrakash Loungani(4,432 words)
M:29%
GuestSriram Balasubramanian(586 words)
M:25%
Oral Indicators
Agonistic29%
literally, completely, very
Engagement74%
you, our, your
Memory Aids100%
listen, now, so
Repetition100%
capital (108x), know (92x), think (74x)
Parallelism97%
And I'm Tracy Alloway...., So, Tracy, evolution of, econo..., So things like modern monetary...
Sound Patterns35%
29 question(s), alliteration: "markets move", alliteration: "barclays brief"
Formulaic Phrases2%
i mean
Literate Indicators
Hedging11%
maybe, might, could
Passive Voice12%
being overturned, being overturned, was created
Abstract Nouns19%
investment, recommendation, evolution
Subordination8%
however, because, while
Sentence Length57%
Avg: 19.2 words/sentence
Word Complexity48%
investment, analyze, anticipate
Academic Markers0%
Impersonal Style26%
613 personal pronouns found
Descriptive Style84%
literally, completely, especially
Description
For years, the IMF was generally of the view that free trade was good, and that open capital flows were also good. But in recent years, the latter view has started to change. Increasingly the IMF, while continuing to promote openness, has viewed restricting the capital account for emerging markets as a useful tactical macro tool. On this episode of Odd Lots, we speak with Prakash Loungani and Sriram Balasubramanian of the IMF's Independent Evaluation Office on their examination of the IMF's work, and how its perspective has changed over the last several years. See omnystudio.com/listener for privacy information.