Managing Capital Flows: What is the Right Policy Mix?
IMF SEMINAR EVENT
DATE: April 12, 2019
DAY: Friday
12:30 PM - 1:30 PM
LOCATION: IMF HQ1 Atrium (HQ1-1-700)
Overview
How should emerging markets manage large and volatile flows of foreign capital across their borders? The traditional answer has been to use flexible exchange rates as a shock absorber. But flexible exchange rates do not offer full insulation, may not reflect economic fundamentals, and may themselves be too volatile. As a result, country authorities sometimes reach for a mix of tools, including monetary policy, intervention in the currency market, and macroprudential- and capital flow measures. This seminar explores whether and how a more integrated toolkit could be more effective in navigating complex policy tradeoffs. Would such an integrated approach improve outcomes? Or would it make policy less transparent and undermine hard-earned policy credibility?Join the conversation via #CapitalFlows
Managing Capital Flows: What is the Right Policy Mix?
Panelists
Moderator: David Lipton
Panelist: Mark Carney
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. His appointment as Governor was approved by Her Majesty the Queen on 26 November 2012. The Governor joined the Bank on 1 July 2013.
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.
Mark Carney was born in Fort Smith, Northwest Territories, Canada in 1965. He received a bachelor’s degree in Economics from Harvard University in 1988. He went on to receive a master’s degree in Economics in 1993 and a doctorate in Economics in 1995, both from Oxford University.