Cross-border financial linkages: challenges for monetary policy and financial stability
Joint conference of the Reserve Bank of New Zealand and the Bank for International Settlements on "Cross-border financial linkages: challenges for monetary policy and financial stability", Wellington, New Zealand, 23-24 October 2014.
Ever more extensive global financial linkages are changing in ways that have significant implications for policy. Asia-Pacific countries have experienced a particularly rapid growth in financial flows since the crisis. Against this background, the BIS's Representative Office for Asia and the Pacific and the Reserve Bank of New Zealand (RBNZ) co-hosted a conference on cross-border financial linkages with a view to fostering research on implications of these important developments. The conference marked the completion of the BIS Asian Office's research programme in this area.
The event brought together senior officials and researchers from central banks, international organisations and academia. Governor Graeme Wheeler of the Reserve Bank of New Zealand made the opening remarks. Papers presented at the conference covered patterns of cross-border linkages, foreign exchange markets and exchange rate risks, financial market spillovers in Asia-Pacific, and policies to deal with capital flows and their effectiveness.
The opening speech and papers presented at the conference were published as BIS Papers No 82 in October 2015.