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A conference sponsored by the Federal Reserve Bank of New York.
Overview Financial globalization has many potential benefits: protection against national shocks, more efficient global allocation of resources, and improvements in international standards of living. Nevertheless, the interconnectedness fostered by globalization increases the exposure of participants to financial and real shocks and to the risk that sudden capital reversals may translate into large-scale economic disruption. This one-and-a-half day conference will bring together a small number of distinguished researchers who will present papers that explore and evaluate the benefits and vulnerabilities arising from international capital mobility. Specific topics of interest include recent trends in international capital flows, their determinants, and their implications; frictions in, and obstacles to, increased global integration; the timing, extent, and methods of international adjustment to macroeconomic shocks and sustained trade imbalances; and the redesign of institutions to better serve global capital markets.
Thursday, December 2
Welcoming Remarks Timothy Geithner President Federal Reserve Bank of New York
Financial Interdependence: Causes and Consequences
Chair: Linda S. Goldberg (Federal Reserve Bank of New York)
Conference Location Federal Reserve Bank of New York 12th Floor Conference Center 33 Liberty Street New York, NY
Conference Organizers Linda Goldberg, Vice President, International Research
> Paolo Pesenti, Research Officer, International Research
Contact Please address any questions to:
Linda Goldberg Federal Reserve Bank of New York International Research 33 Liberty Street New York, NY 10045 Linda.Goldberg@ny.frb.org or Paolo Pesenti Federal Reserve Bank of New York International Research 33 Liberty Street New York, NY 10045 Paolo.Pesenti@ny.frb.org