​Private capital flows have the potential to provide essential financing for developing countries for economic growth, but are subject to risks, as well as opportunities, that have been highlighted by the global financial crisis. 

In this paper risks to these positive trends and related possible policy options are discussed. We suggest that a future coherent policy on low income country financial architecture needs to focus on four key themes.

Judith Tyson, Stephany Griffith-Jones and Dirk Willem te Velde