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Published online by Cambridge University Press: 19 February 2025
1 IMF (2012) ‘The Liberalization and Management of Capital Flows: An Institutional View. International Monetary Fund ‘, www.imf.org/external/np/pp/eng/2012/111412.pdf.
2 Mercurio, B. (2023) Capital Controls and International Economic Law. Cambridge University Press, 49CrossRefGoogle Scholar.
3 Ibid. at 86.
4 In the book, the author cites CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership), Article 28.5.1 as an example. This provision allows parties to adopt restrictive measures related to capital flows in cases of serious balance-of-payments difficulties, provided that these measures are consistent with IMF guidelines and are temporary.