OECD Codes of Liberalisation of Capital Movements and of Current Invisible Operations

 

   

Legal texts

OECD Code of Liberalisation of Capital Movements

English - Français

2016 review of the Code: Overview | Terms of reference

Overview brochure - 汉语

The benefits of joining the Code

Governance arrangements to allow non-OECD countries to join the Code

 

OECD Code of Liberalisation of Current Invisible Operations

English - Français

Conditions for establishment of subsidiaries and branches in the provision of banking services by non-resident institutions

 

OECD Codes of Liberalisation of Capital Movements and Current Invisible Operations: Users' guide

EnglishFrançais

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Contributions to the G20

The G20 is discussing ways to help countries make the most of capital flows. The OECD’s Code of Liberalisation of Capital Movements is an important contribution to this debate.

OECD reports to the G20  July 2018 | June 2017 | March 2017 | February 2017 | April 2016

February 2016 Co-operation on approaches to macro-prudential and capital flow management measures: Update by the IMF and the OECD

September 2015 OECD/IMF update on co-operation on approaches to macro-prudential and capital flow management measures

April 2015 The OECD's approach to capital flow management measures used with a macro-prudential intent

June 2011 International capital flows: Structural reforms and experience with the OECD Code of Liberalisation of Capital Movements

Advisory Task Force

Created in 2012, the Advisory Task Force (ATFC) meets regularly to address questions relating to the heightened international co-operation and policy dialogue that the Codes are generating.

The ATFC examines specific measures by individual adherents with relevance to their obligations under the Codes. It assists in assessing the positions of non-OECD countries applying for adherence to the Codes. It consults with interested non-OECD countries on adherence to the Codes and other matters relating to the Codes.

The ATFC is composed of governmental experts from OECD countries,  non-OECD G20 and FSB Members, other non-OECD countries, as well as experts from relevant international organisations such as the IMF and the BIS.

 

 

Documents and links

Have currency-based capital flow management measures curbed international banking flows?, 2017

Open and Orderly Capital Movements: Interventions from the 2016 OECD High-Level Seminar, 2017

The conditions for establishment of subsidiaries and branches in the provision of banking services by non-resident institutions - OECD report to the FSB, 2017

High-level seminar on open and orderly capital movements, 25 October 2016

2016 Review of the OECD Code of Liberalisation of Capital Movements + Terms of reference

Evaluating capital flow management measures used as macro-prudential tools, 2016

Currency-based measures targeting banks - Balancing national regulation of risk and financial openness, 2015

Keeping capital flows orderly - Article by Adrian Blundell-Wignall, 2015

Problems in the international financial system, 2014

South Africa's investment regime in relation to the Codes, 2014

Macro-prudential policy, bank systemic risk and capital controls, 2013

Capital controls on inflows, the global financial crisis and economic growth: evidence from emerging economies, 2013

Tokyo Roundtable on capital market reform in Asia, 4-5 April 2013

High-level seminar on capital flow management and liberalisation, 9 October 2012

FDI regulatory restrictiveness index

Making the most of international capital flows by Secretary-General Angel Gurría, 2012

 

 

 

 

 

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