3  For a summary, see Jessie Bricker, Brian Bucks, Arthur Kennickell, Traci Mach, and Kevin Moore (2011), “Surveying the Aftermath of the Storm: Changes in Family Finances from 2007 to 2009,” Finance and Economics Discussion Series 2011-17 (Washington: Board of Governors of the Federal Reserve Board, March).
Globalization and balance of payments stability Inevitably, financial liberalization, taken to its logical conclusion, will require that capital mobility be accelerated, though, at a pace consistent with manageable levels of financial volatility and consistent with domestic monetary stability. The macroeconomic and monetary environment have therefore to be as supportive as possible also, but most importantly, that environment must be as stable as possible.