International Finance

Op-Ed

Central Banks Enter Age of Improvisation

Author: Benn Steil
Financial News

Benn Steil's January column in Dow Jones' Financial News argues that the monetary forces behind the crashes of 1929 and 2008 were very similar.  In the 1920s, as in the mid-2000s, Fed officials mistakenly thought that they had found, in the practice of trying to stabilize a price index, the holy grail of monetary policy. In consequence, central bankers are once again grasping for a new orthodoxy.

See more in International Finance; Financial Crises

Transcript

Too Big to Get Wrong: Getting Financial Regulatory Reform Right

Speaker: Robert E. Diamond
Presider: Maria Bartiromo

This meeting is part of the CEO Speaker Series. This series provides a forum for leading global CEOs to share their priorities and insights before a high-level audience of CFR members. The series aims to educate the CFR membership on the private sector's important role in the policy debate by engaging the global business community's top leadership. Members benefit from hearing CEOs' perspectives as well as interacting with them in an informal setting; in turn, CEOs have the opportunity to highlight the work of their organization and strengthen their relationship with CFR.

See more in Global; Financial Regulation; International Finance

Other Report

Global Imbalances, National Rebalancing, and the Political Economy of Recovery

Author: Jeffry A. Frieden

In this CGS/IIGG Working Paper, Jeffry A. Frieden reviews the historical record on the political fallout from the unraveling of macroeconomic imbalances. He warns that the coming adjustments may test the capacity of national governments and international institutions to maintain an open international economic order.

See more in Financial Crises; International Finance