International Finance

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McKinsey Global Institute: Farewell to cheap capital?

Author: The McKinsey Global Institute

The recent bursting of the global credit bubble followed three decades in which capital became progressively cheaper and more easily available. Many people have come to believe that low interest rates now are the norm. However, the McKinsey Global Institute's analysis suggests that this low-interest rate environment is likely to end in the coming year

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Transcript Speaker: Lawrence H. Summers
Presider: Tim Ferguson

Lawrence H. Summers, director of the National Economic Council, remarks on volitile currency exchage rates, unstable European markets, and the negative effects of financial policy on organic economic growth.

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.

See more in Financial Crises; International Finance; Global

Transcript Speakers: Ajay Shah, Benn Steil, and Alan M. Taylor
Introductory Speaker: Richard N. Haass
Presider: Sebastian Mallaby

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.

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Video

Currency Wars, Capital Controls, and the Outlook for the International Monetary System

Speakers: Ajay Shah, Benn Steil, and Alan M. Taylor
Introductory Speaker: Richard N. Haass
Presider: Sebastian Mallaby

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.

See more in Monetary Policy; International Finance; Global

Audio

Currency Wars, Capital Controls, and the Outlook for the International Monetary System (Audio)

Speakers: Ajay Shah, Benn Steil, and Alan M. Taylor
Introductory Speaker: Richard N. Haass
Presider: Sebastian Mallaby

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.

See more in Monetary Policy; International Finance; Global

Transcript Speaker: Anand Sharma
Presider: Carla A. Hills

As India's economy continues its strong rebound from the global economic and financial crisis at the same time that the United States faces high unemployment, fears about a double dip recession, and slower growth, the U.S.-India relationship has become increasingly important for policymakers and businesses in both countries. U.S. Secretary of State Hillary Clinton  recently noted that the United States is "laying the foundation for an indispensable partnership. President Obama will use his visit in November to take our relationship to the next level." What are the next steps in the U.S.-India economic relationship? How does India's economic progress shape its global outlook? Where are the domestic and international business opportunities in India? Please join Minister Sharma as he shares his views on India's economy and role in global economic issues, including India's free trade agreements; the rising profile of trade in India's growth story; the U.S.-India economic relationship; and expectations for President Obama's visit.

See more in India; United States; International Finance