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home > the cfr think tank > experts > brad w. setser
Fellow for Geoeconomics
Contact Info:
Phone: +1-212-434-9639
E-mail: bsetser@cfr.org
Location:
New York, NY
Media downloads:
High-resolution photo (JPG, 1.2 MB)
One-page bio (PDF, 40K)
Applied international economist with experience at the U.S. Treasury and the International Monetary Fund. Currently examining central bank reserve growth, sovereign wealth funds, and the political implications of emerging market financing of the United States.
Expertise:Central bank reserves and sovereign wealth funds, IMF policy, emerging market economies.
Experience:Senior economist, RGEMonitor (2004 - 2007); International Affairs Fellow, Council on Foreign Relations (2003); visiting scholar, International Monetary Fund (2002, 2004); U.S. Treasury, International Affairs (1997 - 2001), last serving as the acting director of the office for international monetary and financial policy.
Languages:French (fluent).
Selected Publications:The Political Economy of the Sovereign Debt Restructuring Mechanism (as part of the project on Debt Restructuring and Sovereign Bankruptcy, Initiative for Policy Dialogue, Columbia University; January 2008); Oil and Global Adjustment (Peter G. Peterson Institute for International Economics, March 2007); The Chinese Conundrum: External Financial Strength, Domestic Financial Weakness (CESifo Economic Studies, May 2006); The Future of the IMF: A Reform Agenda (with Nouriel Roubini, World Economic Forum, October 2005); Debt-Related Vulnerabilities and Financial Crises (with Nystedt et al, IMF Occasional Paper 240, October 2005); How Scary is the Deficit? Our Money, Our Debt, Our Problem (with Nouriel Roubini, Foreign Affairs, July/August 2005); Bailouts or Bail-ins? Responding to Financial The U.S. as a Net Debtor: The Sustainability of U.S. External Imbalances(with Nouriel Roubini, Peterson Institute, September 2004); Domestic and External Debt: The Doomed Quest for Equal Treatment (with Anna Gelpern, Georgetown Journal of International Law, Summer 2004); A Balance Sheet Approach to Financial Crises (with Allen et al, IMF Working Paper 02/210, December 2002); The Bottom Line (with Keller et al, Finance and Development, 39:4, December 2002).
Related Links:
Brad Setser on RGEMonitor.com (blog)
Current Research Project
February 16, 2008
| Author: | Brad W. Setser, Fellow for Geoeconomics |
|---|
Op-Ed
The Boston Globe
In this Boston Globe op-ed, Brad Sester argues that global policy makers should start to think seriously about the best way to exit from a system where a number of countries around the world, in very different economic circumstances than the United States, are importing the consequences of the weak dollar.
See more in United States, Geoeconomics, International Finance
February 7, 2008
| Author: | Brad W. Setser, Fellow for Geoeconomics |
|---|
Testimony
In this testimony, Brad Setser examines the forces that have propelled the growth of sovereign funds and the differences among sovereign funds. In particular, he looks at the issues raised by the increase in the non-reserve foreign assets of China’s government.
See more in China, International Finance, U.S. Strategy and Politics
January 18, 2008
| Author: | Brad W. Setser, Fellow for Geoeconomics |
|---|
Article
RGE Monitor
The China Investment Corporation’s $5 billion investment in Morgan Stanley, its $3 billion investment in Blackstone and the China Development Bank’s likely $2b investment in Citigroup have attracted an enormous amount of attention. In this paper for RGE Monitor, Brad Setser examines the unprecedented growth in China ’s foreign assets, the key institutions managing these assets, and the composition of China's aggregate external portfolio.
See more in China, Geoeconomics
December 2007
| Authors: | Brad W. Setser, Fellow for Geoeconomics Rachel Ziemba |
|---|
Article
RGE Monitor
With oil at $100, what do we know about how the big oil exporters are managing their petrodollars? In this paper for RGE Monitor, Brad Setser and Rachel Ziemba examine the different GCC funds and estimate that total Gulf investment abroad exceeded $2 trillion in 2007. One surprising conclusion that emerges from their analysis is that the Gulf as a whole has not diversified away from the dollar.
See more in Middle East, Gulf States, Economics
November 29 2007
| Author: | Brad W. Setser, Fellow for Geoeconomics |
|---|
Article
Peterson Institute
Brad Setser makes the case for oil-exporting Gulf states to stop pegging to the dollar in this Peterson Institute policy brief.
See more in Economics
November 12, 2007
Podcast
CFR's Brad W. Setser explains what's behind the dollar's recent decline and what it means for the world economy.
November 12, 2007
Brad W. Setser, Fellow for Geoeconomics interviewed by Lee Hudson Teslik, Assistant Editor
Interview
CFR geoeconomic fellow Brad W. Setser explains what’s behind the dollar’s recent decline and says the Federal Reserve shouldn’t use interest rates as a tool to stabilize the exchange rate.
See more in United States, Economics, International Finance, Trade
September 2004
| Authors: | Brad W. Setser, Fellow for Geoeconomics Nouriel Roubini |
|---|
Book
In Bailouts or Bail-Ins, New York University’s Nouriel Roubini and former Council International Affairs Fellow Brad Setser argue that the tools needed to respond to a wide range of crises already exist, and the core challenge facing the G7 and the IMF is to do a better job of matching existing tools to different types of crises.
October 14, 2003
| Author: | Brad W. Setser, Fellow for Geoeconomics |
|---|
Op-Ed
The New Republic
August 7, 2003
| Author: | Brad W. Setser, Fellow for Geoeconomics |
|---|
Article
Iraq Reconstruction Report
See more in Iraq
May 23, 2003
| Authors: | Brad W. Setser, Fellow for Geoeconomics Nouriel Roubini |
|---|
Article
Council on Foreign Relations
March 9, 2003
| Authors: | Brad W. Setser, Fellow for Geoeconomics Nouriel Roubini |
|---|
Article
Council on Foreign Relations
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.
Copyright 2008 by the Council on Foreign Relations. All Rights Reserved.
