31. The balance of payments records a country's transactions with the rest of the world, including trade and capital movement . 32. The EU trade ministers did not discuss a Franco-German plan to study the idea of taxing speculative, short-term capital movements . 33. "International capital movements need to be supervised and the allocation of credit regulated by an international authority, " he said. 34. "International capital movements need to be supervised and the allocation of credit regulated by an international authority, " he argues. 35. It follows that international capital movements need to be supervised and the allocation of credit regulated by an international authority. 36. He said an international tax on capital movements should be discussed at a summit conference of wealthy and developing countries. 37. Our aim must be to make capital movements more stable, by organising the transparency of information and by strengthening prudential safeguards. 38. In a world of free capital movement , he said, who can believe " that a state alone has monetary sovereignty ?" 39. As Krugman notes, countries with controls on capital movements have tended to do better in the crisis environment than those without. 40. "We welcome the actions taken by the Japanese authorities to remove impediments to capital movements , " said Treasury Secretary Robert Rubin.
