On 31 July, as part of the Lowy Institute's Distinguished Speaker Series, John Lipsky, First Deputy Managing Director of the International Monetary Fund, spoke on financial market globalisation. The explosive growth in international capital flows has helped to underpin the current historic phase of global growth. These flows have also raised concerns, however, that they have created novel strains that accentuate the risks of future financial market disruptions. As a result, policymakers have been called on to take steps to ensure that adverse outcomes can be avoided. Mr Lipsky assessed these developments, and discussed possible measures that could mitigate the risks of such adverse outcomes.
Here's the presentation.
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