Regarding financial globalisation, the main reason for this development is that the internationalisation of financial flows has increased the degree of integration of the national financial systems and has therefore also heightened the risks of contagion in the event of turbulence. Thus, financial stability issues are, at least implicitly, also a task for central banks. What is the basic rationale behind this conclusion?
Many of those not in the labour force may still have been discouraged, but they chose to make themselves unavailable for work; for example, they may have embarked on a period of study or decided to retire earlier than might have otherwise been the case.