The Task Force on Regulating Global Capital Flows
Copyright Kenneth Lu
The Pardee Center Task Force on Regulating Global Capital Flows addresses important questions concerning whether and how capital investments between developed and developing countries should be “regulated” or “managed.”
In the wake of the global financial crisis, nations, regions and global institutions are engaged in significant reform of their financial systems. It is becoming increasingly understood that national governments need to deploy regulations to manage the flow of speculative capital such that it does not disrupt their long-run development prospects. Although international institutions such as the International Monetary Fund are beginning to recognize this need, there currently are no set guidelines to help national governments respond to speculative capital and to consider the extent to which there should be global cooperation to manage capital flows.
The central question the Task Force addresses is: to what extent can capital account regulations be deployed by developing countries and coordinated at a global level so that they can enable financial stability for economic development?
Publications
Ruling Capital: Emerging Markets and the Reregulation of Cross-Border Finance
By Kevin Gallagher
Book
December 2014
Capital Account Liberalization in China: The Need for a Balanced Approach
Pardee Center Task Force Report
October 2014
Regulating Capital Flows in Emerging Markets: the IMF and the Global Financial Crisis
By Kevin P. Gallagher and Yuan Tian
May 2014
Capital Flow Management and the Trans-Pacific Partnership Agreement
By Kevin P. Gallagher, Sarah Anderson, Annamaria Viterbo
January 2014
UNCTAD-GEGI Policy Brief: Workshop on Capital Account Regulations and Global Economic Governance
November 2013
Financial Stability and the Trans-Pacific Partnership: Lessons from Chile and Malaysia
By Kevin P. Gallagher, Ricardo Ffrench-Davis, Mah-Hui Lim, Katherine Soverel
October 2013
Safeguarding United States’ Trade and Investment Treaties for Financial Stability
By Kevin P. Gallagher
August 2013
Post-Crisis Capital Account Regulation in South Korea and South Africa
PERI, UMass Amherst
By Brittany Baumann and Kevin P. Gallagher
April 2013
Policy Briefs
Leaked TISA Financial Services Text: A glimpse into the future of services liberalization
By Rachel Denae Thrasher
July 2014
Capital Account Liberalization in China: A Cautionary Tale
By Kevin P. Gallagher, José Antonio Ocampo, Ming Zhang, Yu Yongding
July 2014
Capital Flow Management and the Trans-Pacific Partnership Agreement
By Kevin P. Gallagher, Sarah Anderson, Annamaria Viterbo
January 2014
UNCTAD-GEGI Policy Brief: Workshop on Capital Account Regulations and Global Economic Governance
November 2013
In the News
Opinion Articles
China’s Financial Floodgates
Project Syndicate
By Jose Antonio Ocampo and Kevin P. Gallagher
October 6, 2014
Your Dollar, Our Problem
Foreign Policy
By Kevin P. Gallagher
August 4, 2014
TPP Pact Requires Regulated Financing
Bangkok Post, China Daily, Jakarta Post
By Kevin P. Gallagher
October 7, 2013
Cons of Deregulating Finance
China Daily
By Kevin P. Gallagher
August 6, 2013
China Should Rethink Deregulation
The Business Times, Singapore
By Kevin P. Gallagher
July 31, 2013
The US as a Global Risk Generator
The Business Times, Singapore
By Kevin P. Gallagher
July 11, 2013
China’s Financial Tightrope
The Japan Times
By Kevin P. Gallagher
July 30, 2013
Events & Multimedia
Managing Financial Globalization in China
October 3, 2014
CAFRAL-IPD Conference on “Capital Account Management and Macro-Prudential Regulation for Financial Stability and Growth”
January 13 – 14, 2014
UNCTAD-GEGI Workshop on Regulating Capital Flows
October 3 – 4, 2013
New Thinking on Capital Controls for Financial Stability: Implications for the Trade Regime
May 28 2013
Capital Account Regulations and the Trading System: A Compatibility Review
Pardee Podcast
April 23, 2013
Pardee House Seminar on Global Finance and Trade
April 12, 2013
The overall aim of these efforts will be to enable developing nations to govern their financial systems in order to maintain financial stability for economic growth and development. This project is a formal collaboration between the Pardee Center, the Global Development and Environment Institute at Tufts University (GDAE), the Initiative for Policy Dialogue at Columbia University, and the Center for the Study of State and Society (CEDES) in Argentina. This work is supported in part by the Ford Foundation.