Dr. Eugenio J. Alemàn
The Financial Crisis and Its Effects on the U.S. and World Economies
April 27, 2010
While the financial crisis originated in the United States the consequences of the fallout can be traced all over the world. Excessive risk taking gave ground to excessive risk aversion with a very interesting twist: capital flew into the U.S. rather than out, strengthening the U.S. dollar during that period. During the crisis, worldwide trade plummeted and the world economy was at the edge of an abyss. Strong fiscal and monetary policy across the globe prevented a total collapse of the world economy. Join us for what promises to be an insightful talk on the state of the world economy.