Jens Weidmann: Keynote speech - "Europe into a new era - how to seize the opportunities" Keynote speech by Dr Jens Weidmann, President of the Deutsche Bundesbank and Chairman of the Board of Directors of the Bank for International Settlements, at the Frankfurt European Banking Congress "Europe into a New Era - How to Seize the Opportunities", Frankfurt am Main, 17 November 2017.
Financial globalization, in turn, has  BIS Review 58/2007  1  contributed to a broad-based decline in risk premia on various markets and asset classes, which has enabled much greater access to financing for households, firms and countries around the globe. On the whole, despite many structural changes brought about by globalization, the economic environment has become more stable and seemingly more predictable.