Policymakers looking to design defences against volatile flows of global capital would have an easier time if they get their thinking straight first, Hyun Song Shin told a conference in Washington, DC on April 19.
The Bank for International Settlements head of research said there was a “stark contrast” between the relatively uncontroversial domestic thinking on capital regulations, and the “contentious and difficult” debate on an international level.
“I will argue that the contrast is due to a
- Making the rules and breaking the mould (Allan Meltzer: 1928–2017)
- BoE economists criticise DSGE inflation modelling
- Indonesian deputy Perry on revolutionising monetary and financial policy
- No ‘Taylor rule’ without Meltzer’s support
- Commission should have power to order CCPs to relocate to EU – Cœuré