So in contemplating the future of the international financial system, reforming the regulation of financial institutions, and understanding their behaviour, will be key, but it will be of equal importance to understand the underlying behaviour of the entities in the real economies. The role of official capital flows, in particular, is one element of the post-crisis world that seems to be becoming quite prominent.
Successful CDFI borrowers often graduate to conventional financing as their needs grow,  2  David Erickson (2006), "Community Capitalism: How Housing Advocates, the Private Sector and the Government Forged New Low-Income Housing Policy, 1968-1996," Journal of Policy History, vol. 18 (2), pp. 167-204. 3  The CDFI Fund was established by the Riegle Community Development and Regulatory Improvement Act of 1994, Pub.