Capital flows and the safety of markets [WP830]

This conference discussed the following points:

• How have capital markets adjusted to the emergence of India and China, perceptions of a global ‘savings surplus’, new oil price schocks, concerns about asset ‘bubbles’ and new international financial regulatory arrangements?
• Why have capital markets appeared resilient in the face of these challenges?
• What are the potential areas of risk?
• How can these risks be managed? In what framework?