Taiwan Should Consider Capital Controls, Liu Says

Taiwan should consider a package of capital controls if it wants to curb currency swings driven by speculative fund inflows, the island’s chief economic planner Christina Liu said.

“We should actually discuss and talk about a capital control package if we really want to have capital controls,” Liu said yesterday in an interview in Taipei. “If no countries impose them, that will be best. But if some economies start to impose capital controls, then those who don’t will suffer the most. So we have to figure out some kind of capital control, too.”