High-level Policy Seminar on International Capital Flows

11 September 2019 Paris, France

INTEGRATION OR FRAGMENTATION? INTERNATIONAL CAPITAL FLOWS IN THE POST-CRISIS WORLD

Great hopes were pinned on global financial integration as a tool for growth and economic development, yet the contemporary view of the benefits and risks associated with openness to the global capital market has become more nuanced.

Following a recent review of the OECD Code of Liberalisation of Capital Movements - a multilateral agreement among states dedicated to openness, transparency and mutual accountability in capital flow policies, this high-level seminar, co-organised with Japan as 2019 G20 Presidency, will focus on current issues linked to global financial integration and the role that international frameworks can play.

Programme

Collectively tackling market fragmentation, financial fragilities, and cross-border spillovers of financial regulatory policies
Advancing international co-operation on capital flows
Making credible commitments. How can economies with a recent history of capital controls continue progressing on the liberalisation path?
Next vulnerabilities: capital flows and the migration of risks to new corners of the financial system

We asked OECD Chief Economist Laurence Boone and Korea's first Vice-Minister of Economy and Finance Ho Seung Lee for their views