"Trade and Jobs," speech delivered at the Distinguished Speaker Series, Fuqua School of Business, Duke University, March 30, http://www.federalreserve.gov/boarddocs/speeches/2004/20040330/default.htm ______ (2006). "Global Economic Integration: What's New and What's Not?" speech delivered at the thirtieth annual economic symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyo., August 25, http://www.federalreserve.gov/boarddocs/speeches/2006/20060825/default.htm ______ (2007).
This has pitched the world into a storm. The result has been tightening of external financial conditions, capital flight from emerging markets, sharp currency depreciations and reserve losses. No country can be immune to these developments.