Report

Conference on capital flows, international financial markets and financial crises


Abstract: On Nov. 13?14, 2009, the Federal Reserve Bank of Dallas and the Bank of Canada cosponsored a conference on capital flows, international financial markets and financial crises. The purpose of the conference was to bring together researchers working on various aspects of financial markets and financial crises. Many of the papers presented at the conference addressed one of two broad questions. The first is, how integrated are international financial markets and how effective are they at sharing resources and risk? Second, what are the channels through which financial markets?and their regulation?impact the rest of the economy? Specifically, do they result in stabilization or amplification of macroeconomic fluctuations in response to shocks? The remainder of this summary explains why this research is fruitful in the context of the current financial turmoil and summarizes the researchers? contributions.

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Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: Annual Report, Globalization and Monetary Policy Institute

Publication Date: 2009

Pages: 24-29