"Kosovo could be our military euro, creating a political and defense identity for the European Union in the same way as the euro is the expression of economic and financial integration, " said Ulrich Beck, a professor of politics at Munich University.
42.
Deterioration of credit conditions during the Eurozone crisis, and specifically the contagion of financial instability to larger member states of the euro area from the middle of 2011, led to renewed thinking about the interdependence between banking policy, financial integration, and financial stability.
43.
"I just got my house put together the way I want it and I didn't really like the idea of having to rip it apart, " said Conner, who is overseeing the financial integration of a company that DuPont recently acquired in Columbus.
44.
Wang Xuebing, chairman of the Bank of China, reassured Hong Kong financiers the bank did not aim to usurp its Hong Kong competitors by " muscling them out " and said he supported more financial integration between Hong Kong and China in the run up to the handover.
45.
Two separate reports by Standard & Poor's entitled " ASEAN Financial Integration : The Long Road to Bank Consolidation " and " The Philippines Banking System : The Good, the Bad and the Ambivalent " respectively, outline the challenges ASEAN financial institutions are facing as they prepare for the 2020 banking integration.
46.
The 2007 Bernacer prize was awarded to the French economist Pierre-Olivier Gourinchas ( University of California, Berkeley ) " for his important research on explaining recent ( puzzling ) facts in global macroeconomics and finance, evaluating the gains of financial integration and analyzing the importance of precautionary saving in optimal life-- cycle models of consumption expenditure in the presence of uncertain labour income ".
47.
That month, in a speech at the Federal Reserve Bank of Atlanta, Geithner stated, " Financial innovation has improved the capacity to measure and manage risk, " but also cautioned that " financial innovation and global financial integration do not offer the prospect of eliminating the risk of asset price and credit cycles, of manias and panics, or of shocks that could have systemic consequences ."
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