Global capital flows

George Walker

THE THIRD working group paper produced by the Financial Stability Forum (FSF) is concerned with global capital flows. The Working Group on Capital Flows was set up by the FSF in April 1999 to evaluate policies for the reduction of the risk to financial systems associated with the build-up of short-term external indebtedness. The Working Group was chaired by Mr. Mario Draghi, Director General, Ministry of the Treasury, Italy.