Már Guðmundsson: Opening remarks - "The uncertain future of global economic integration" Conference

Opening remarks by Mr Már Guðmundsson, Governor of the Central Bank of Iceland, at a conference, organised by the Bank and the Reinventing Bretton Woods Committee on "The uncertain future of global economic integration", Reykjavík, 14-15 September 2017.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Central bank speech  | 
16 October 2017

I welcome all of you to this conference and the foreign participants to Iceland. The conference is organised by the Central Bank of Iceland and the Reinventing Bretton Woods Committee. The heading is broad and probably reflects in part the worries that some of us might currently have about the future of global economic integration.

The topic encompasses both real economic integration - that is, trade in goods and services and the flow of labour and equipment across borders - and financial integration - that is, cross-border capital flows and stocks and associated activities of banks and other entities.