Faculty News
In an in-depth interview, Lord Mervyn King shares his views on the global economy, from his book, "The End of Alchemy"
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Excerpt from MarketWatch -- "I think that, in Europe particularly, and increasingly now in China and probably other emerging markets, that the bank system is a lot weaker than people would like to feel it is and we should be concerned about that because we haven’t made the fundamental reforms to banking that I think are necessary to mean that we are immune from bank runs. And a loss of confidence in the banking system in another part of the world will impact back on us. One of the things I do feel is that people in the United States often do not give sufficient weight to the impact of what’s happening in the rest of the world. It feeds back on the U.S."
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