Transcript of the proceedings

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The transmission of economic activity across countries has become an important issue for policymakers in developed and emerging markets.

A key dimension is how linkages involving trade and capital flows synchronize real activity and financial markets across borders. This Forum will explore the relative importance of these linkages across countries and their meaning for investors, policymakers, and international financial institutions. Have co-movements become more important in recent years, and if so, why? What role have government policies played in the evolution of cross-border linkages that result in co-movements, and what policies should governments pursue going forward? The panel will address these and related questions.