Martin Wolf, Associate Editor and Chief Economics Commentator for the Financial Times , joined us at the Council a few weeks ago to discuss the state of global finance. In conversation with James Manyika of McKinsey, Wolf talked about the links between the microeconomics of finance and the macroeconomics of the balance of payments, demonstrating how the subprime lending crisis in the United States fits into a pattern that includes the economic shocks of 1997, 1998, and early 1999 in Latin America, Russia, and Asia. The video below contains highlights from the talk, or you can click here to watch the full program.
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