Journal Article

Securing a more balanced global economy

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.

Bibliographic Information

Provider: Federal Reserve Bank of New York

Part of Series: Quarterly Review

Publication Date: 1989

Issue: Special

Pages: 48-52