Safeguarding United States’ Trade and Investment Treaties for Financial Stability

GEGI Policy Brief Series

By Kevin P. Gallagher
August 2013, Issue 1

Download here:  Safeguarding US Trade & Investment Treaties by Kevin Gallagher


This policy brief discusses new evidence in the economics profession showing that capital controls are important macro-prudential measures that nations should have in their toolkit to prevent and mitigate financial crises. United States trade and investment treaties do not reflect this emerging consensus on capital controls. It is essential to rectify this problem as the United States finalizes its new moves forward on negotiations for a Trans-Pacific Partnership Agreement (TPP) and a bi-lateral investment treaty (BIT) with China.