Seminar: Capital Flows and Growth: Where is the Money Going?
IMF SEMINAR EVENT
DATE: April 19, 2024
DAY: Friday
12:30 PM - 1:30 PM
LOCATION: IMF HQ1 3rd floor Meeting Hall A&B
Overview
The challenges posed by large swings in capital flows were highlighted again with the Covid-19 crisis and the subsequent tightening cycle of monetary policies across advanced economies. The discussion will begin by gauging recent developments and trends in capital flows, and emerging risks. It will then transition to taking stock of the lessons learned so far in terms of policies that can help countries shield against the costs associated with reduced access to foreign capital, such as improved policy frameworks and reduced balance sheets and foreign currency exposure. Lastly, it will highlight potential longer-term challenges associated with the increasing fragmentation of capital flows (e.g., capital allocation and productivity) in a more digitalized and indebted environment and how they can pose macro-financial stability risks.Join the conversation via #CapitalFlows
Seminar: Capital Flows and Growth: Where is the Money Going?
Panelists
Panelist: Gita Gopinath
Gita Gopinath is the First Deputy Managing Director of the International Monetary Fund (IMF). She oversees the work of staff, represents the Fund at multilateral forums, leads the Fund’s work on surveillance and related policies, and oversees research and flagship publications. Previously, Ms. Gopinath was the Fund's Chief Economist. In that role, she helmed thirteen releases of the World Economic Outlook. She also worked with other Fund departments on a new analytical approach to help countries respond to international capital flows via the Integrated Policy Framework. Prior to joining the IMF, Ms. Gopinath was the John Zwaanstra Professor of International Studies and of Economics at Harvard University and before that she was an assistant professor of economics at the University of Chicago’s Booth School of Business. Her research, which focuses on International Finance and Macroeconomics, is widely cited and has been published in many top economics journals. She has authored numerous articles on exchange rates, trade and investment, international financial crises, monetary policy, debt, and emerging market crises.
Panelist: Şebnem Kalemli-Ozkan
Panelist: Lesetja Kganyago
Lesetja Kganyago was appointed Governor of the South African Reserve Bank (SARB) on November 9, 2014. He was reappointed by the President of South Africa for a second five-year term on November 9, 2019. He is the Chairperson of the Monetary Policy Committee, the Financial Stability Oversight Committee and the Financial Stability Committee. Prior to his appointment as Governor, Mr. Kganyago served as SARB Deputy Governor from May 16, 2011.
Mr. Kganyago chairs the Committee of Central Bank Governors of the Southern African Development Community (SADC) and co-chairs the Financial Stability Board’s Cross-Border Payments Coordination Group (CPC) and Regional Consultative Group for Sub-Saharan Africa (RGGSSA).
Panelist: Catherine Mann
Dr. Catherine Mann is a Professor of the Practice at Brandeis University. She contributes to the research program of The Productivity Institute and is a Science Advisor to the European Investment Bank. She is a member of the Council on Foreign Relations and the American Economic Association, among others. Previously she was Chair of the Economic Advisory Committee of the American Bankers Association, a member of the Executive Board of the Committee on the Status of Women in the Economics Profession, on the Board of the National Association for Business Economics, and of the advisory committees of the Federal Reserve Banks of Chicago, Boston, and New York.
Prior to her appointment, she was the Global Chief Economist at Citibank (2018 to 2021) and the Chief Economist, Head of Economics Department, and G20 Finance Deputy at the OECD (2014 to 2017).