Professor Carl Walsh of the University of California at Santa Cruz will be the main speaker in that session, and three central bank governors – Athanasios Orphanides, from Cyprus, Mark Carney from Canada and Agustín Carstens from Mexico – will comment.
The globalization of financial markets is not a new thing in itself, but during the most recent wave of globalization the volume of finance channelled through international financial markets has grown tremendously. At the same time, the stability of national economies has become absolutely dependent on the stability of the international financial markets.