Reflections on Central Banking, Protectionism and Globalization

Dr. Jacob A. Frenkel, Chairman, JPMorgan Chase International, Chairman of the Board of Trustees, G30, Former Governor, Bank of Israel

Citation: Frenkel, J.A. (2018). Reflections on Central Banking, Protectionism and Globalization. Russian Journal of Money and Finance, 77(1), pp. 108-123.


This year marks the 10th anniversary of the eruption of the global financial crisis of 2008-2009. It provides a good opportunity for reflections on the recent evolution of Central Banking Theory and Practice, as well as on the challenges for globalization, on the emergence of protectionism and on the growth of populism. This brief paper offers few reflections on each.


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