He developed an extensive network of contacts in the city. He was a friend of leading newspaperman Walter Lippman, and John Foster Dulles was the lawyer who worked on many of Monnet's banking operations. Monnet was an influential figure in President Roosevelt's close circle.
To the extent that lumpy and volatile flows are a spillover from policy choices of advanced economies, managing capital flows should not be treated as an exclusive problem of emerging market economies. How this burden is to be shared raises both intellectual and practical challenges.