What Future for Financial Globalisation?

Joint conference of the European Central Bank and the Journal of International Economics

Time: 9-10 September 2010
Venue: Frankfurt am Main, Germany

The current financial crisis is challenging the belief that financial liberalisation and integration are universally beneficial for economic growth and development, and it is rekindling the debate about the empirical validity of a robust finance-growth nexus. There is an emerging consensus that the fundamental origins of the crisis are reflecting both micro elements, notably a lack of effective supervision and regulation of financial institutions, and macro elements, as evidenced in the major imbalances and asymmetries in the global economy and the international financial system, with the debate about the relative contribution of both sets of factors is ongoing.

Topics:

• Financial liberalisation and the finance-growth nexus
• Financial linkages and propagation channels of shocks
• Asset price co-movements, bubbles and contagion phenomena
• Financial stability implications of international financial integration and global imbalances
• Global policy responses and coordination in reforming the international financial architecture

For submission:

• Deadline: 30 April 2010
• Email: international.secretariat@ecb.europa.eu

For more info http://www.ecb.int/...