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Securing a more balanced global economy

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  • E. Gerald Corrigan
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    Abstract

    In this speech, made shortly after the stock market crash of October 1987, President Corrigan identifies imbalances in the U.S. and the world economy that contributed to financial market instability. He emphasizes that the reduction of U.S. federal budget deficits and the removal of barriers to international trade are prerequisites for adjustment, and he ends by drawing ome implications for the supervision of financial markets.

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    File URL: http://www.newyorkfed.org/research/quarterly_review/75th/75article9.pdf
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    Bibliographic Info

    Article provided by Federal Reserve Bank of New York in its journal Quarterly Review.

    Volume (Year): (1989)
    Issue (Month): Special ()
    Pages: 48-52

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    Handle: RePEc:fip:fednqr:y:1989:i:special:p:48-52

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    Keywords: Deficit financing ; Economic conditions - United States ; Federal Reserve System - History;

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