Limited controls on capital inflows can help to prevent crises by confining potential withdrawals. Such controls, however, can only be efficient if they are clearly understood as an interim measure, and if they are complemented by sound policies and well-designed prudential regulations.
Central Banks and money: an everchanging interplay  Colloquium AEDBF Europe, 30 November 2018 Keynote address by M. Jan Smets, Governor of the National Bank of Belgium  Ladies and gentlemen It is my great pleasure to welcome you today in the premises of the National Bank of Belgium and to have the opportunity to address this interesting colloquium on the vast topic of money and currencies.