Following the outbreak of the global financial crisis, Europe experienced a large fall in investment, which continued throughout the sovereign debt crisis. The fall was unusual in terms of severity and duration.
Other topics include the impact of capital flows on the real economy, the implications of a dominant currency for monetary cooperation, the effect of a country’s banking structure on the current account, and the way tax havens affect firms’ riskiness. It is a rich menu. Thanks are due to the organisers, presenters and discussants; to the keynote speaker; to all of you.