KDI School has hosted a four-day workshop from June 4-7, under the title of Managing Capital Flows and Growth: Amid the sovereign debt crises. The workshop took place at the Lotte Hotel, where participants from 15 countries discussed their national cases through four modules and 13 sessions.

The four modules included: challenges to global economic growth; crisis resolution and lessons from the past; policy responses to crisis and available options for regulatory, monetary and exchange rate policies; and policy options to manage capital flows. Among the topics discussed in the thirteen sessions were: challenges to managing capital flows and growth in a multi-polar world economy; sovereign debt crisis resolution in the context of developed countries; lessons from the EMU and issues with Euro; the role of Macro-Prudential and related instruments; regulatory challenges to the global financial architecture; monetary regime and capital accounts volatility; real asset bubbles and regulatory options; and global policy reforms in the multi-polar world.

By Khaled FAZELY (2012 MPP, Afghanistan)