Canada’s Carney wants code of conduct for capital flows

carney

Mark Carney, the governor of the Bank of Canada, on Saturday urged policymakers to implement a global code of conduct for capital flows, to improve the functioning of the international monetary system.

At the annual meeting of the Inter-American Development Bank, Carney said: "Our long-term objective should be a well-functioning international monetary system that delivers sufficient nominal stability in exchange rates and domestic prices, with timely adjustment to shocks and structural change."

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