Some economists have doubts about another proposed move by the central bank: the abolition of most of Brazil's remaining foreign-exchange restrictions.
Staggering annual inflation of 25% influences most daily decisions with price controls and monetary exchange restrictions trying to keep the lid on an untenable situation.
The UK justice system apparently didn't buy Wiese's explanation that the money came from diamond deals in South Africa in the 80s and 90s, and had been kept in a safety deposit box in the Ritz hotel because of foreign exchange restrictions in his homeland.
Financial stocks continued to fall even after the Securities and Exchange Commission slapped all sorts of restrictions on short-selling last month, but the agency has extended those restrictions anyway.
Wage controls, profit controls, exchange controls and other inflation-related restrictions similarly make it harder for businesses to function.
Some of that regulation was rendered obsolete by innovation and some by the explicit relaxation of restrictions and oversight by the Securities and Exchange Commission.
But in order to function properly, to function at an acceptable level of dysfunction, command systems need to exert an extraordinary degree of control over economic life: they need to control foreign travel, they need to restrict residency patterns and limit internal migration, they need to fix prices, they need to arbitrarily set a foreign exchange rate, and they need to place extreme restrictions on foreign trade.
He agreed to the restrictions to settle accusations he siphoned proceeds from a Vancouver Stock Exchange public offering.
In England, plans are in place to ease restrictions on companies seeking to raise money on the London Stock Exchange in order to boost the British and European IPO markets.
Exchange-traded funds, which trade like stocks and have no minimum holding restrictions, also give investors the ability to easily move on when market leadership inevitably changes.
The alternative, a foreign-owned holding company, must operate under tight restrictions that forbid, for example, inter-company loans, foreign-exchange balancing, import-export, or even consolidated accounts across the subsidiaries.
Any restrictions will only serve to hit the centre of European commodity trading, the London Metal Exchange.
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