cover image: Pull, Push, Pipes - Sustainable Capital Flows for a New World Order

20.500.12592/dg4t3m

Pull, Push, Pipes - Sustainable Capital Flows for a New World Order

10 Jul 2019

Occasional Paper 96 About the Author Mark Carney is the Governor of the Bank of England and Chair of the Monetary Policy Committee, Financial Policy Committee and the Prudential Regulation Committee. [...] In addition to his duties as Governor of the Bank of England, he serves as First Vice-Chair of the European Systemic Risk Board, a member of the Group of Thirty and the Foundation Board of the World Economic Forum. [...] Specifically, what should be the priorities to increase sustainable cross border capital flows? How many are the responsibility of the receiving country? What about the advanced economies who set the tone for the global financial cycle? And to what extent does the structure of the international monetary financial system itself, including the global safety net, determine safe flows? To begin to ans. [...] Pipes This underscores the importance of the third driver of Capital Flows- at-Risk, the Pipes, or the structure of the global financial system itself. [...] The significant improvements in the institutional frameworks of EMEs are being offset by the deepening fundamental asymmetry in the international monetary financial system, the continued shrinking of the GFSN, and the rapid rise of market-based finance.
Pages
44
Published in
United States of America

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