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Quantitative Finance · Glossaire

Qu'est-ce que « Convertibility, capital control » ?

Aussi appelé : convertibility · capital control

Definition 18.1 Markets II: Rates, FX and Credit · Chapitre 18 — Emerging-Market FX and NDFs

A currency is convertible when anyone may exchange it for foreign currency, for any purpose, at a market rate. A capital control is a legal restriction on such exchanges or on the cross-border movement of money: limits on who may buy foreign currency, for what, how much, or how quickly it may leave or enter the country.

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