Project on Financial Vulnerabilities and Foreign Policy

Staff: Roger M. Kubarych
September 1, 1999 - June 30, 2001

The objective of this project was to develop research findings and expert advice that policymakers can use to help prepare for an unexpected financial mishap, and perhaps take steps to mitigate its adverse consequences, both at the domestic and international level. A four-part series of Council events provided the means to examine the links between the financial markets and broader economic, foreign policy, and national security concerns: (1) A roundtable at which the participants, including market practitioners, scholars, and former senior officials review the lessons learned from past stock market disturbances and the policy responses to them and identify the economic and financial vulnerabilities in the current environment; (2) a scenario-building roundtable; (3) a policy simulation in which a small number of experienced policy thinkers and former policymakers will work through the options and constraints facing the U.S. government in the aftermath of a sudden and significant stock market decline; (4) a conference to disseminate the findings of the roundtable and simulation. The conference held on July 12-13, provided a forum to raise the broadest possible perspective on the intersection of financial markets, the global economy, foreign policy, and national security.

Meetings

Meeting

Financial Vulnerabilities: Lessons Learned and Implications for Foreign Policymaking (San Francisco)

Speaker Roger M. KubarychHenry Kaufman Senior Fellow in International Economics and Finance, Council on Foreign Relations
Panelist Judith K. PaulusAdviser to the Chairman, Sara Lee Corporation
January 26, 2001

This meeting is not for attribution.

Meeting

Financial Vulnerabilities: Lessons Learned and Implications for Foreign Policymaking (Los Angeles)

Speaker Roger M. KubarychHenry Kaufman Senior Fellow in International Economics and Finance, Council on Foreign Relations
Panelist Robert E. DenhamPartner, Munger, Tolles & Olson
January 25, 2001

This meeting is not for attribution.

Meeting

Financial Vulnerabilities: Lessons Learned and Implications for Foreign Policymaking (Dallas)

Speaker Roger M. KubarychHenry Kaufman Senior Fellow in International Economics and Finance, Council on Foreign Relations
Panelist Scott L. MillerPrincipal, Miller Global Investments
January 24, 2001

This meeting is not for attribution.

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Meeting

Financial Vulnerabilities: Lessons Learned and Implications for Foreign Policymaking (Houston)

Speaker Roger M. KubarychHenry Kaufman Senior Fellow in International Economics and Finance, Council on Foreign Relations
Panelist Richard D. QuayCounsel, Law Department, Exxon Mobil
January 24, 2001

This meeting is not for attribution.

Meeting

Assessing Financial Vulnerabilities and Uncovering New Investment Opportunities: The Global Dimension

December 6, 2000

This meeting is not for attribution.

Meeting

Stress-Testing the System: Simulating the Global Consequences of the Next Financial Crisis

Speaker Roger M. Kubarych
November 10, 2000

This meeting is not for attribution.

Meeting

Stress-Testing the System

Speaker Roger M. KubarychHenry Kaufman Senior Fellow in International Economics and Finance, Council on Foreign Relations
Panelists John E. Rielly(Foreign Policy and National Security Group Chair) President, Chicago Council on Foreign Relations, Michael H. Moskow(Economic and Trade Policy Group Chair) President, Federal Reserve Bank of Chicago, Kenneth W. Dam(Central Banking Group Chair) Max Pam Professor of American and Foreign Law, University of Chicago Law School
September 26, 2000

This meeting is not for attribution.

Meeting

Financial Vulnerabilities

Speaker Roger M. Kubarych
September 29, 1999

This meeting is not for attribution.