Dani Rodrik writes:
Can you resist financial globalization?
Yes you can, and Asia has been doing it. I am in Bangkok for a Bank of Thailand conference, and among other interesting contributions (by Jose Antonio Ocampo, Raghu Rajan, and Arvind Subramanian) is a nice paper by the BIS’s Robert McCauley and Guonan Ma called “Resisting financial [...]
Not that that is exactly new news. But I haven’t heard it coming from Volcker before:
Volcker’s priors
The Economist features (and only mildly disagrees with) my piece with Arvind Subramanian on financial globalization this week. Did I mention that I find them quite agreeable these days…
Coincidentally, I made a presentation on the same topic at a [...]
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