BIS's Knight on globalisation & financial markets

In the speech 'Globalisation and financial markets' given on 22 May Malcolm Knight of the BIS discusses the consequences of the liberalisation of international transactions in financial instruments by many countries.

Collectively, these actions have come to be referred to as "financial globalisation". The financial crises of the 1990s were often associated with periods of rapid liberalisation of financial systems. The episodes highlight the importance of the quality of a country's institutions

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