Скачать или смотреть Globalisation: real and financial

BIS Annual General Meeting 2017
Hyun Song Shin (Economic Adviser and Head of Research)

In his presentation, Hyun Song Shin highlights key messages from the 87th BIS Annual Report. He argues that trade and financial openness go together, and that globalisation of the real economy entails substantial financial globalisation. The complex trading relationships involved in global value chains require greater financial resources.If left unchecked, the build-up of financial excesses can result in costly financial crises.Ensuring a resilient financial system is the best way to reap the benefits of real globalisation.

Read the presentation: http://www.bis.org/speeches/sp170625b...