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home > the cfr think tank > experts > benn steil
Senior Fellow and Director of International Economics
Contact Info:
Phone: +1-212-434-9622
E-mail: jschreger@cfr.org
Location:
New York, NY
Media downloads:
One-page bio (PDF, 42K)
Award-winning writer, editor of International Finance, and cofounder of a transatlantic financial markets consultancy firm. Currently writing a book analyzing the historical relationship between money and national sovereignty and its importance in understanding contemporary globalization.
Expertise:Financial markets; securities trading; international finance.
Experience:Cofounder and managing member, Efficient Frontiers LLC, financial markets consultancy (current); Editor, International Finance (current); member, European Shadow Financial Regulatory Committee (current); Director, International Economics Programme, Royal Institute of International Affairs (1992-98).
Languages:French (familiar).
Honors:Fellow, British-American Project.
Selected Publications:Financial Statecraft (Yale University Press, 2006); Building a Transatlantic Securities Market, A Council Report (Council on Foreign Relations Press, 2002); Technological Innovation and Economic Performance (coeditor, Princeton University Press, 2002); Institutional Investors (coauthor, MIT Press, 2001); Antitrust Goes Global: What Future for Transatlantic Cooperation? (coeditor, Royal Institute of International Affairs, 2000); “Automation, Trading Costs, and the Structure of the Securities Trading Industry,” Brookings-Wharton Papers on Financial Services (coauthor, January 1999); The European Equity Markets (Royal Institute of International Affairs, 1996); International Financial Market Regulation (John Wiley & Sons, 1994); numerous articles in journals and periodicals such as Economica, Foreign Affairs, Wall Street Journal, and Financial Times.
Related Links:
New Book Assesses Rising Importance of Financial Markets in U.S. Foreign Policy
Current Research Projects
Past Research Projects
April 23, 2008
| Author: | Benn Steil, Senior Fellow and Director of International Economics |
|---|
Op-Ed
Financial Times
In this Financial Times op-ed, Benn Steil argues that the Fed's aggressive monetary expansion threatens to undermine its unique powers among central banks, and, if continued, will have damaging consequences for America's future prosperity and global political influence.
See more in United States, Economics, Economic Development, Geoeconomics
April 2, 2008
Benn Steil, Senior Fellow and Director of International Economics interviewed by Lee Hudson Teslik, Assistant Editor
Interview
CFR’s Benn Steil examines proposals for a regulatory overhaul of the U.S. financial system put forth by Treasury Secretary Henry Paulson.
See more in United States, Economics
March 7, 2008
| Author: | Benn Steil, Senior Fellow and Director of International Economics |
|---|
Op-Ed
Wall Street Journal
In this Wall Street Journal op-ed, Benn Steil argues that Calpers, the California Public Employees' Retirement System, is best viewed as a highly political "sovereign wealth fund." Governed by state political figures and union representatives, Calpers' investment decisions are frequently guided by foreign policy and social agendas rather than fundholder interests.
See more in United States, Corporate Governance, Economic Development
December 21, 2007
| Authors: | Mark Fisch Benn Steil, Senior Fellow and Director of International Economics |
|---|
Op-Ed
Financial Times
Mark Fisch and Benn Steil write that “the devastating credit squeeze that has been gumming up the interbank and commercial paper loan markets for months shows few signs of letting up. The underlying problem remains firmly in the market for subprime mortgages.”
See more in Economics, U.S. Strategy and Politics
December 18, 2007
| Speakers: | Richard H. Clarida, C. Lowell Harriss Professor of Economics, Columbia University James D. Grant, Founder and Editor, Grant's Interest Rate Observer Benn Steil, Senior Fellow and Director of International Economics, Council on Foreign Relations John B. Taylor, Mary and Robert Raymond Professor of Economics, Stanford University; Bowen H. and Janice Arthur McCoy Senior Fellow, Hoover Institution |
|---|---|
| Presider: | Michael J. Elliott, Editor, Time International |
Video
Watch four experts discuss the falling dollar, examine the potential geopolitical impacts, and explore whether central banks should take active measures to intervene.
See more in Business & Foreign Policy, Geoeconomics
December 18, 2007
| Speakers: | Richard H. Clarida, C. Lowell Harriss Professor of Economics, Columbia University James D. Grant, Founder and Editor, Grant's Interest Rate Observer Benn Steil, Senior Fellow and Director of International Economics, Council on Foreign Relations John B. Taylor, Mary and Robert Raymond Professor of Economics, Stanford University; Bowen H. and Janice Arthur McCoy Senior Fellow, Hoover Institution |
|---|---|
| Presider: | Michael J. Elliott, Editor, Time International |
Video
Four experts discuss the falling dollar in a December 18 meeting at CFR.
See more in Geoeconomics, International Finance
December 18, 2007
| Speakers: | Richard H. Clarida, C. Lowell Harriss Professor of Economics, Columbia University James D. Grant, Founder and Editor, Grant's Interest Rate Observer Benn Steil, Senior Fellow and Director of International Economics, Council on Foreign Relations John B. Taylor, Mary and Robert Raymond Professor of Economics, Stanford University; Bowen H. and Janice Arthur McCoy Senior Fellow, Hoover Institution |
|---|---|
| Presider: | Michael J. Elliott, Editor, Time International |
Audio
Listen to four experts discuss the falling dollar, examine the potential geopolitical impacts, and explore whether central banks should take active measures to intervene.
See more in Business & Foreign Policy, Geoeconomics
December 18, 2007
| Panelists: | Richard Clarida, Colombia University James Grant, Grant's Interest Rate Observer Benn Steil, Council on Foreign Relations |
|---|
Transcript
Transcript from a CFR meeting on the falling dollar.
See more in Business & Foreign Policy, International Finance
November 8, 2007
| Author: | Benn Steil, Senior Fellow and Director of International Economics |
|---|
Op-Ed
National Post
In light of the recent turmoil in the foreign exchange markets, Benn Steil
condenses the arguments of his recent Foreign Affairs article, 'The End of
National Currency,' for Canada's leading financial daily.
See more in International Finance
October 30, 2007
| Authors: | Manuel Hinds, Former Salvadoran Finance Minister Benn Steil, Senior Fellow and Director of International Economics |
|---|
Op-Ed
Financial Times
In this Financial Times op-ed, Manuel Hinds and Benn Steil argue that the Fed's loose monetary policy could jeopardize the dollar's position as the international standard of value.
See more in United States, Economics
Spring/Summer 2007
| Author: | Benn Steil, Senior Fellow and Director of International Economics |
|---|
Article
cato.org
In the Spring/Summer 2007 issue of The Cato Journal, Benn Steil writes on "Federal Reserve Policy in the Face of Crisis." He argues
that the global monetary order of national fiat currencies represents the
greatest threat to globalization.
See more in International Finance
May 8, 2007
| Author: | Benn Steil, Senior Fellow and Director of International Economics |
|---|
Op-Ed
Financial Times
See more in Europe/Russia, Trade
May/June 2007
| Author: | Benn Steil, Senior Fellow and Director of International Economics |
|---|
Foreign Affairs Article — Summary
Global financial instability has sparked a surge in "monetary nationalism" -- the idea that countries must make and control their own currencies. But globalization and monetary nationalism are a dangerous combination, a cause of financial crises and geopolitical tension. The world needs to abandon unwanted currencies, replacing them with dollars, euros, and multinational currencies as yet unborn.
See more in International Finance
April 3, 2007
| Author: | Benn Steil, Senior Fellow and Director of International Economics |
|---|
Op-Ed
Financial Times
CFR's Benn Steil argues that other factors besides Sarbanes-Oxley contributed to financial flows away from the U.S.
See more in Business & Foreign Policy
March 16, 2007
| Author: | Benn Steil, Senior Fellow and Director of International Economics |
|---|
Op-Ed
See more in Economics
January 5, 2007
| Author: | Benn Steil, Senior Fellow and Director of International Economics |
|---|
Op-Ed
Financial Times
See more in Business & Foreign Policy, Economic Development, Geoeconomics, Trade
December 6, 2006
| Speakers: | Eduardo Aninat, Former Minister of Finance, Chile Manuel Hinds, Former Minister of Finance, El Salvador; Author, Playing Monopoly With The Devil: Dollarization and Domestic Currencies in Developing Countries |
|---|---|
| Presider: | Benn Steil, Senior Fellow and Director of International Economics, Council on Foreign Relations |
Transcript
Two former Latin American finance ministers discuss the lessons learned from the monetary crisis in Argentina.
See more in Argentina, Economics
November 27, 2006
| Author: | Benn Steil, Senior Fellow and Director of International Economics |
|---|
Op-Ed
Financial Times
See more in United States, Economics
October 25, 2006
| Speaker: | Jerry Z. Muller, Professor of History, Catholic University of America |
|---|---|
| Presider: | Benn Steil, Director of International Economics, Council on Foreign Relations |
Audio
Listen to Jerry Muller, professor of history at the Catholic University of America, discuss the future of globalization, as part of the Council's C. Peter McColough Series on International Economics.
See more in Economics
October 25, 2006
| Speaker: | Jerry Z. Muller, Professor of History, Catholic University of America |
|---|---|
| Presider: | Benn Steil, Director of International Economics, Council on Foreign Relations |
Video
Watch Jerry Muller, professor of history at the Catholic University of America, discuss the future of globalization, as part of the Council's C. Peter McColough Series on International Economics.
See more in Economics
Climate change poses threats to national security in a number of ways. In this report, sponsored by the Center for Geoeconomic Studies, Joshua W. Busby offers specific recommendations for confronting this important issue, including a list of "no-regrets" policies.
This report, by International Affairs Fellow Michelle D. Gavin and sponsored by the Center for Preventive Action, surveys the current situation in Zimbabwe and proposes steps that can increase the likelihood that regime change, when it comes, will bring constructive reform instead of conflict and state collapse.
Complete list of Council Special Reports.
For more information on the David Rockefeller Studies Program, contact:
Gary Samore
Vice President, Director of Studies, and Maurice R. Greenberg Chair
+1-212-434-9627
gsamore@cfr.org
Sebastian Mallaby
Director of the Maurice R. Greenberg Center for
Geoeconomic Studies, Deputy Director of Studies, and Paul A. Volcker Senior
Fellow for International Economics
smallaby@cfr.org
Janine Hill
Deputy Director of Studies Administration
+1-212-434-9753
jhill@cfr.org
The David Rockefeller Studies Program is the Council’s “think tank.” Its work is integral to achieving the Council’s goal of contributing to the foreign policy debate. Fellows in the Studies Program do this by researching, writing, and commenting on the most important challenges facing the United States and the world.
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