Financial Globalization and Financial Crises


Financial crises have been occurring since at least the 14th century, but they have become much more frequent in our modern global economy. They tend to stall or reverse economic growth, so it’s important to understand why they are occurring more frequently and what we can and should do to prevent and manage them, says Becker Friedman Institute Visiting Scholar Maurice Obstfeld in a Friedman Forum talk to undergraduates on May 5, 2014.