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Securing a more balanced global economy


  • E. Gerald Corrigan


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.

Suggested Citation

  • E. Gerald Corrigan, 1989. "Securing a more balanced global economy," Quarterly Review, Federal Reserve Bank of New York, issue Special, pages 48-52.
  • Handle: RePEc:fip:fednqr:y:1989:i:special:p:48-52

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