Cato's 27th Annual Monetary Conference--Restoring Global Financial Stability--will provide an in-depth discussion of alternative proposals for reforming the international monetary system and correcting global imbalances. In particular, leading experts will address the role of the government...

Globalization has substantially increased the flow of private capital available to emerging markets compared with official flows from multilateral institutions. Countries that pursue sound polices will attract large capital inflows, but those that do not will suffer net capital outflows. This...