This paper synthesizes recent advances in the theoretical and empirical literature on capital controls. We start by observing that international flows have both benefits costs, but some of these are not internalized individual actors thus constitute externalities. The has identified pecuniary externalities aggregate demand respectively contribute to financial instability recessions. These provi...

extractthere are some hypothesis that the children do not feel pain. these assumptions are based on circumstantial and theoretical evidence. this theory believes that children, especially infants are not able to understand the pain because their nervous system is immature. however, these assumptions are acceptable for all of people except about children. there is evidence that children continuo...