Within this advisory role, even-handed treatment, in the sense that sources of volatility and potential vulnerability are given as much emphasis as the issue of capital controls, is important. Conclusion 25. In its January 28, 2010 issue, The Economist said, “Capital, like water, tends to flow around such obstacles (taxes).
3/4  BIS central bankers' speeches  Conclusion Recent experience shows that policy answers need to evolve in line with the challenges of the time and that all policy areas need to contribute. Within their mandates, central banks will continue to take policy challenges into account to ensure their measures are effective.