And not only because it allows me to escape the cold German winter, but also because this meeting allows us to share views from opposite ends of the world – views from Asia and Australia and views from Europe. The crisis has shown how important it is to do just that.
Research emphasizing direct connections and common holdings includes Allen, Babus, and Carletti (2012); and Acemoglu, Ozdaglar, and Tahbaz-Salehi (2015).