Code of Liberalisation of Current Invisible Operations
Download the Code
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
Download the User's guide
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 June 2019 | September 2018 | July 2018 | June 2017 | March 2017 | February 2017 | April 2016
OECD/IMF update on co-operation on approaches to macro-prudential and capital flow management measures, 2016
OECD/IMF update on co-operation on approaches to macro-prudential and capital flow management measures, 2015
The OECD's approach to capital flow management measures used with a macro-prudential intent, 2015
International capital flows: Structural reforms and experience with the OECD Code of Liberalisation of Capital Movements, 2011
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.
FDI regulatory restrictiveness index
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
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
High-level seminar on capital flow management and liberalisation, 9 October 2012
Making the most of international capital flows by Secretary-General Angel Gurría, 2012