Is finance/financial globalisation great?

BIS organised its annual conferencein Jun-12. The theme was:  The future of financial globalisation. There are some interesting papers (including comments on a  paper by Dr Reddy whose career graph has soared post-crisis).

The opening remarks by Stephen Cecchetti are quite a read. He says finance is great but only upto a point. Similarly fin glob is great but upto a point.

 

 

I am unable to extract the content. So nothing much to say. Just reinforcing the fact that how times change. Before crisis even saying that finance is not really beneficial (even upto a point) was a crime, now it is all over the place..

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