If those E-Trade Global Trading commercials have you interested in investing in a foreign stock market, you won’t want to miss the third lecture of the 2007-08 Babcock Leadership Series at Wake Forest University’s Babcock Graduate School of Management.
| Bennett is responsible for analytic support for the exchange’s various business and public-policy activities. |
Paul Bennett, chief economist of the New York Stock Exchange, will talk about "Tomorrow’s Stock Market" at 2 p.m. Wednesday, Feb. 20, in the Law Auditorium of the Worrell Professional Center on Wake Forest’s Winston-Salem campus. The event is free and open to the public.
"The equities markets, stock markets, bonds markets and futures markets are all going through this period of merging and becoming worldwide," Bennett said. "The point of my talk is to explain the economics behind that logic."
Bennett explained that if every country had to have its own car manufacturer, rather than having several car-making giants such as Toyota and General Motors that send their products all over the world, the overall quality of cars would be diminished. "The same thing is happening with stock exchanges," he said.
Bennett is responsible for analytic support for the exchange’s various business and public-policy activities. Bennett was a senior officer and economist with the Federal Reserve Bank of New York, where he had worked since 1978, before joining the NYSE in 2001. At the Fed, Bennett headed the Capital Markets Research division and was editor of the bank’s research journal. Bennett’s academic credentials include a doctorate in economics from Princeton University and an AB in economics from the University of Chicago.
On a personal note, Bennett said he has always wanted to visit the Wake Forest campus because his Army chaplain grandfather, Ivan L. Bennett, graduated from Wake Forest and later received an honorary doctorate from the Divinity School.
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