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Foreword=vii
The Contributors=ix
Symposium Summary=xvii
The Moderators/GORDON THIESSEN[Governor, Bank of Canada];ANNE KRUEGER[Professor, Stanford University]=1
OPENING RAMARKS/ALAN GREENSPAN[Chairman, Board of Governors of the Federal Reserve System]=1
FACTORS DRIVING GLOBAL ECONOMIC INTEGRATION/MICHAEL MUSSA[Economic Counsellor and Director of Research, International Monetary Fund]=9
Commentary/DOUGLAS IRWIN[Professor, Dartmouth College]=57
General Discussion=65
CRISES:THE PRICE OF GLOBALIZATION?/PAUL KRUGMAN[Professor, Princeton University]=75
Commentary/CHARLES GOODHART[Professor, London School of Economics]=107
General Discussion=111
PANEL DISCUSSION:HOW SHOULD FINANCIAL MARKET REGULATORS RESPOND TO THE NEW CHALLENGES OF GLOBAL ECONOMIC INTEGRATION?=121
Commentary/ANDREW CROCKETT[General Manager, Bank for International Settlements]=121
Commentary/HOWARD DAVIES[Chairman, The Financial Services Authority, United Kingdom]=129
Commentary/RANDALL KROSZNER[Professor, University of Chicago]=137
General Discussion=151
REFLECTIONS ON THE GLOBAL TRADING SYSTEM/MIKE MOORE[Director-General, World Trade Organization]=163
PERSPECTIVES ON OECD ECONOMIC INTEGRATION:IMPLICATIONS FOR U.S. CURRENT ACCOUNT ADJUSTMENT/MAURICE OBSTFELD[Professor, University of California-Berkeley];KENNETH ROGOFF[Professor, Harvard University]=169
Commentary/IGNAZIO VISCO[Head, Economics Department and Chief Economist, Organization for Economic Cooperation and Development]=209
General Discussion=233
PANEL DISCUSSION:HOW SHOULD MONETARY POLICY MAKERS RESPOND TO THE NEW CHALLENGES OF GLOBAL ECONOMIC INTEGRATION?=245
Commentary/DONALD BRASH[Governor, Reserve Bank of New Zealand]=245
Commentary/GUILLERMO ORTIZ[Governor, Bank of Mexico]=255
Commentary/EUGENIO DOMINGO SOLANS[Member, Executive Board, European Central Bank]=277
General Discussion=289
OVERVIEW PANEL/MARTIN FELDSTEIN[President National Bureau of Economic Research]=297
OVERVIEW PANEL/STANLEY FISCHER[First Deputy Managing Director, International Monetary Fund]=311
OVERVIEW PANEL/JACOB FRENKEL[Chairman, Sovereign Advisory Group and Global Financial Institutions Group, Merrill Lynch International]=319
General Discussion=327
The Participants=341
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To identify domestic and international policies that will help nations around the world achieve the greatest net benefits from global integration, the Federal Reserve Bank of Kansas City sponsored a symposium, titled "Global Economic Integration: Opportunities and Challenges," at Jackson Hole, Wyoming, on August 24-26, 2000. The symposium brought together a distinguished group of central bankers, academics, and financial market representatives to discuss these issues.
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