Occasional Paper
Pull, Push, Pipes: Sustainable Capital Flows for a New World Order
Author(s): Mark Carney
Year: 2019
Pages: 44
ISBN: 1-56708-176-2
In this Occasional Paper, Governor Mark Carney of the Bank of England argues that capital flow volatility is rising because of the fundamental asymmetry in the international monetary financial system and the rapid rise of market-based finance. The paper explains why the conventional wisdom for emerging markets to ‘keep their house in order’ is no longer sufficient to achieve sustainable capital flows and why all countries must play a role.
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