The role of globalization in the financial crisis and recovery

Richard W. Fisher

No 4, Speeches and Essays from Federal Reserve Bank of Dallas

Abstract: Remarks before the O'Neil Center for Global Markets and Freedom Conference, SMU Cox School of Business, Dallas, Texas, October 16, 2009. ; This morning, I will argue that a decline in trade flows, at least to some degree, was to be expected during this tumultuous period, the most severe global financial and economic crisis in decades. I will then turn to protectionism, the bete noire of internationally minded business operators and policymakers. And then I will conclude with some comments on where we are likely to go from here, making the point that globalization is still very much alive and that, like the music of Wagner, all is not as bad as it sounds.

Keywords: Globalization; Financial crises; International trade (search for similar items in EconPapers)
Date: 2009
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