Securing a more balanced global economy

E. Gerald Corrigan

Quarterly Review, 1989, issue Special, 48-52

Abstract: In this speech, made shortly after the stock market crash of October 1987, President Corrigan identifies imbalances in the U.S. and the world economy that contributed to financial market instability. He emphasizes that the reduction of U.S. federal budget deficits and the removal of barriers to international trade are prerequisites for adjustment, and he ends by drawing ome implications for the supervision of financial markets.

Keywords: Deficit financing; economic conditions - United States; Federal Reserve System - History (search for similar items in EconPapers)
Date: 1989
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