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Cross-border capital flows and the role of the IMF and central banks in the evolving international monetary system

· Kazuo Ueda, Governor of the Bank of Japan (Japan)

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KU
· Kazuo Ueda Wiki · Bank of Japan WikiCross-border capital flows and the role of the IMF and central banks in the evolving international monetary system

ContextRemarks in Tokyo at the IMF event on Asia and the IMF; the Bank of Japan pursues price stability and watches large cross-border capital flows.

Why it mattersThe governor discusses how volatile money flows across borders require a strong Fund and cooperation.

Problems raised
  1. Cross-border capital flows can destabilise.
  2. The international monetary system evolves.
  3. Cooperation is needed.
Solutions proposed
  1. Support the IMF's role in stability.
  2. Promote global cooperation.
  3. Adapt central bank policy to capital flows.
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