On the other hand, one must find possible reasons as to why manufacturing has not registered more robust labor productivity growth. It might be the case that the opening up to foreign competition has taken many years and until recently allowed a certain degree of protection, especially from competition with countries not covered by free trade agreements.
The policy is aimed at preventing any destabilizing speculation in the market while at the same time facilitating foreign exchange transactions at market rates for all permissible purposes. BIS Review 89/1998  Crisis avoidance It would not be appropriate to conclude that managing capital flows on the above lines, however efficient, will ensure that there would be total tranquility in the capital flows.