TOPIC: Globalisation » Economy » Finance » Markets
Category
quotes
Date
2009-09-14
Actor
Lacker, Jeffrey
Source
Federal Reserve Bank...
Uploaded date
2010-01-28
Uploaded by

What Financial Markets Do

Financial markets are fundamental to the way an economy allocates its scarce resources to their most productive uses. The markets and institutions that make up our financial system collect the savings of households and businesses and reallocate those funds to other households and businesses – as well as governments – who seek to finance additional current consumption or investment spending.
Jeffrey Lacker
President of the Federal Reserve Bank of Richmond. The quote is derived from a speech delivered by Mr. Lacker in September, 2009.

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