BIS’s Caruana makes distinction in measurement of capital inflows
Jaime Caruana, the general manager of the Bank for International Settlements, on February 24, 2011 said greater focus on gross capital flows, rather than net flows, should help in choosing more effective financial stability policies.
At the 46th Seacen governors' conference in Colombo, Sri Lanka, Caruana said: "Current accounts and the corresponding net capital flows say very little about financing activity, intermediation patterns, leverage use or liquidity mismatches. It is important
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