Economics professor Hélène Rey explores how soaring global financial interconnectivity leaves little scope for nations to exercise independent monetary policies. Although Rey’s insightful, succinct analysis covers the problem more than the solutions, getAbstract believes policy makers, economists and investors will appreciate her thoughtful revelations on the consequences of an interconnected global economy.
In this summary, you will learn
- How global capital flows have shifted since the late 19th century,
- What the “Mundellian trilemma” reveals about the nature of macroeconomics and
- How the free movement of capital is influencing the independence of countries’ monetary policies.
About the Speaker
Hélène Rey is a professor of economics at the London Business School.