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Henry Kaufman Adjunct Senior Fellow for International Economics and Finance
Contact Info:
Phone: +1.212.434.9688
E-mail: rkubarych@cfr.org
Location:
New York
Media downloads:
One-page bio (PDF, 52K)
Video clip (WMV, 1.1 MB)
Video clip (MP4, 1.4 MB)
Former chief economist at the New York Stock Exchange and senior economic adviser at an international banking firm. Currently writing a book examining the American financial system and corporate scandals.
Expertise:International finance; economics.
Experience:Senior Economic Adviser, HypoVereinsbank Americas Inc. (2001-present); Managing Member and CIO, Kaufman & Kubarych Advisors LLC (1997-99); General Manager, Henry Kaufman & Company Inc. (1988-97); Senior Vice President and Chief Economist, New York Stock Exchange (1986-88); Vice President and Chief Economist, The Conference Board (1985-86); Senior Vice President and Deputy Director of Research, Federal Reserve Bank of New York (1972-85); Special Assistant to the Under Secretary for Monetary Affairs, U.S. Department of the Treasury (1978-79).
Selected Publications:“What 2006 Will Be Like,” Nikkei (2005); “Katrina: A Devastating Storm Now a Source of Economic Uncertainty,” Market Eye on Nikkei Financial Daily (2005); “How Oil Shocks Affect Markets,” International Economy (Summer 2005); Foreign Exchange Markets in the United States (Federal Reserve Bank of New York, 1978).
Research Notes:
Speeches and interviews:
"Reflections on the Chronology of the Financial Crisis" (Interview transcript; VOX; April 24, 2009)
Overcoming Recession and Financial Meltdown (address to the Council on United States and Italy; New York, NY; December 10, 2008)
Current Research Project
Past Research Projects
September 29, 2009
Audio
Listen to Roger M. Kubarych, the Henry Kaufman adjunct senior fellow for international economics and finance at CFR, give an update on the global economy in light of the G-20 meeting in Pittsburgh and the one year anniversary of the economic crisis, as part of CFR's State and Local Officials Conference Call series.
See more in Financial Crises, Geoeconomics
September 24, 2009
Interview
CFR's Roger M. Kubarych says the G-20 summit will find leaders relieved that the worst of the global economic crisis is over but divided over substantive changes to the world's financial architecture.
See more in Economics, Financial Crises, International Organizations
May 22, 2009
Video
Watch experts discuss the future of the International Monetary Fund, ranging from its governance to its potential role in alleviating financial crises.
See more in International Finance, International Organizations
May 22, 2009
Audio
Listen to experts discuss the future of the International Monetary Fund, ranging from its governance to its potential role in alleviating financial crises.
See more in International Finance, International Organizations
May 22, 2009, New York
Transcript
Experts discuss the future of the International Monetary Fund, ranging from its governance to its potential role in alleviating financial crises
See more in International Organizations
May 8, 2009
Interview
CFR's Roger Kubarych gauges what the results of much anticipated stress tests will mean for the future of the U.S. banking industry.
See more in United States, Financial Crises
April 22, 2009
Op-Ed
Nikkei Financial Daily
Roger M. Kubarych argues that Washington is overly optimistic regarding economic recovery.
See more in United States, Financial Crises
April 1, 2009
Audio
Listen to Roger M. Kubarych, the Henry Kaufman adjunct senior fellow for international economics and finance at CFR, discuss the global economic crisis and priorities for the Obama administration as part of CFR's State and Local Officials Conference Call series.
See more in Financial Crises, U.S. Strategy and Politics
March 5, 2009
Audio
Listen to Roger M. Kubarych, CFR's Henry Kaufman adjunct senior fellow for international economics and finance, discuss the global economic crisis with students as part of CFR's Academic Conference Call series.
See more in Financial Crises, Geoeconomics
February 12, 2009
Op-Ed
Nikkei Financial Daily
In this Nikkei op-ed, Roger Kubarych analyzes the early challenges facing the Obama administration with regards to the economic crisis. He writes that the ugly stock market response to the Geithner plan will make it all the harder to recapitalize the U.S. financial system without taxpayers footing the bill.
See more in Economics, U.S. Strategy and Politics
December 1, 2008
Transcript
Session II of a symposium on the U.S. - Japan partnership focusing on the global economy, instabilities, and reforms.
This session was part of the CFR Symposium on the U.S.-Japan Partnership: An Agenda for Change, cosponsored with the Asahi Shimbun.
December 1, 2008
Video
Watch experts explain the origins of the financial crisis and its effect on Japan, as well as on U.S.-Japanese trade.
This session was part of the CFR Symposium on the U.S.-Japan Partnership: An Agenda for Change, cosponsored with the Asahi Shimbun.
See more in Japan, Financial Crises, Trade
December 1, 2008
Audio
Listen to experts explain the origins of the financial crisis and its effect on Japan, as well as on U.S.-Japanese trade.
This session was part of the CFR Symposium on the U.S.-Japan Partnership: An Agenda for Change, cosponsored with the Asahi Shimbun.
See more in Japan, Financial Crises, Trade
November 20, 2008
Op-Ed
Nikkei Financial Daily
In this Nikkei article, Roger Kubarych says that the major threat facing the global economy and financial markets is an enormous decrease in the capacity for risk taking.
See more in Economics
September 17, 2008
Transcript
In a conference call, experts debate what the financial crisis means for the functionality of the U.S. investment banking model.
See more in United States, Financial Crises, International Finance
September, 2008
Op-Ed
Nikkei Financial Daily
In this Nikkei article, Roger Kubarych discusses the potential effects of the financial meltdown on the 'real' economy. He argues that there are powerful forces already at work that will suppress business activity.
See more in United States, Financial Crises
September 18, 2008
Audio
Listen to CFR experts discuss the financial crisis and its global implications.
See more in Business & Foreign Policy, Financial Crises, Geoeconomics
September 9, 2008
Interview
Four CFR experts discuss the U.S. Treasury's takeover of mortgage lenders Fannie Mae and Freddie Mac, what the move means for financial markets, and what risks remain.
See more in United States, Financial Crises, International Finance
June 30, 2008
Op-Ed
Nikkei Financial Daily
Despite the extraordinary financial crisis, with big banks recording huge losses and tightening their lending standards, the US economy has continued to expand. In this Nikkei article, Roger Kubarych argues that although it is by no means certain that recession can be avoided over the next year, it would be wrong to exaggerate the downside risks to the US economy.
See more in Economics, Financial Crises
April 21, 2008
Op-Ed
Nikkei Financial Daily
In this Nikkei article, Roger Kubarych outlines the lessons learned in the past few weeks that will be of lasting importance to global investors. He finds that "too complex to fail" is the prevailing U.S. economic doctrine—with the Bear Stearns bail-out as case in point. Kubarych also argues that banks are capitalists until they need government hand-outs but will revert to type once the crisis fades.
See more in United States, Financial Crises, Geoeconomics
Explore the international finance regime with a new interactive from CFR's program on International Institutions and Global Governance.
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Complete list of Council Special Reports
Start-Up Nation addresses the trillion-dollar question: How is it that Israel—a country of 7.1 million, only sixty years old, surrounded by enemies— produces more start-up companies than large, peaceful, and stable nations like Japan, China, India, Korea, Canada, and the UK? With the insights of geopolitical experts and investors, the authors examine this nation’s adversity-driven culture to answer this question and offer prescriptions for a global economy on the rebound.
In Forces of Fortune, Vali Nasr presents a paradigm-changing revelation that will transform the understanding of the Muslim world at large. He reveals that there is a vital but unseen rising force in the Islamic world—a new business-minded middle class—that is building a vibrant new Muslim world economy and that holds the key to winning the cold war against Iran and extremists.
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Complete list of CFR Books
For more information on the David Rockefeller Studies Program, contact:
James M. Lindsay
Senior Vice President, Director of Studies, and Maurice R. Greenberg Chair
+1.212.434.9626 (NY); +1.202.509.8405 (DC)
jlindsay@cfr.org
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Deputy Director of Studies Administration
+1.212.434.9753
jhill@cfr.org
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