Financial and Monetary Systems

Think global, act local. Reducing the risk of financial instability

The spread of financial shocks globally has caused some to argue that capital accounts should be more closed. Image: REUTERS/Daniel Munoz

Minouche Shafik

Director, London School of Economics and Political Science

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Financial and Monetary Systems

Image: Hoggarth et al. (2016), IMF International Financial Statistics, IMF World Economic Outlook and Bank of England calculations.
Image: Cesa-Bianchi et al. (forthcoming).

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Financial and Monetary SystemsEconomic Progress

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