World Economic Update
What happened in the markets during August? Is the credit squeeze about to ease, or there is more pain to come? What impact will the financial turmoil of the last month have on the real economy? And what does thisepisode tell us about the stability (or fragility) of contemporary financial markets? This quick-hit edition of the World Economic Update will address these and related questions.
7:45 - 8:00 a.m. Breakfast
8:00 - 9:15 a.m. Meeting
What new forms of international financial and monetary coordination and regulation are required in light of the global economic crisis? How should the United States work to reform the Bretton Woods Institutions? Should the BRICs and other developing countries have an increased role at the IMF and World Bank? What are the preconditions for a U.S.-China bargain on global monetary and financial issues?
Charles L. Evans, President and CEO of the Federal Reserve Bank of Chicago, comments on inflation expectations and revisits the Great Inflation of 1965-82.
Experts discuss the the current global economy and their skepticism of effective capital control, as well as the future of currency pegging, fixed currency rates, and capital mobility.
This session was part of CFR's Stephen C. Friedheim Symposium on Global Economics which was made possible through generous support from Stephen C. Freidheim.