When inflation rose last year, she imposed temporary controls on grain exports, for example.
Forecasts about the number of potential arrivals from Romania and Bulgaria when temporary controls expire at the end of the year were "not helpful", he added.
The new conventional wisdom is that, while free capital flows bring more benefits than risks, temporary controls on capital inflows can be a useful tool to have at hand.
ECONOMIST: Can capital controls stop poor countries crashing?
It led to Paris introducing temporary border controls, suspending the free movement of people as guaranteed under the Schengen agreement.
White House aides have stressed there are no short-term solutions to the problems, a stand criticized by some Democrats, including California Gov. Gray Davis, who want temporary price controls.
Banks have been shut all week and will begin reopening Thursday, but restrictions will remain in place after the Cypriot parliament passed a bill Friday introducing temporary capital controls.
But it is, shall one say, a bit of a stretch to turn his argument for temporary capital controls in a country facing a crisis such as Malaysia's into an argument for massive re-regulation of the world economy.
One option is to reimpose capital controls for a temporary period (which would punish speculators but might reduce confidence in the financial markets).
According to a recent study by the World Bank, most emerging markets that received lots of foreign money in the 1990s used such controls, with temporary success.
The European Commission allowed temporary re-introduction of border controls, in breach of the Schengen convention of the free movement of people.
But when the evidence is examined in detail, Chile does little to bolster the case that controls on capital inflows should be treated as temporary protections while banks are weak.
ECONOMIST: Can capital controls stop poor countries crashing?
Now, a lot of the earnings are coming from temporary gains--like a good allergy season--and cost controls.
The small and underresourced management section has been absorbed with issues surrounding the official residence, and a move to a temporary resi- dence, resulting in insufficient time to devote to management controls and customer support.
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