Study Group on the Americanization of Finance

Staff: Roger M. Kubarych
May 9, 2001 - Present

Tremendous controversy swirls around the issue of whether emerging economies would be better off or worse off by embracing the kind of financial market structures that have been developed in the U.S. and other advanced industrial countries during the past two decades or so. This evolution, which we call the “Americanization of Finance” essentially involves the transformation of a financial system centered around traditional commercial banks to a more free-wheeling system organized around open capital markets.


Five Financial Challenges Facing the Next U.S. President


Roger M. Kubarych
June 8, 2004

This meeting is not for attribution.

Reducing Financial Vulnerabilities in Japan: A Progress Report


Roger M. Kubarych, Council on Foreign Relations


Henry Kaufman, Henry Kaufman & Company, Inc.
July 1, 2003

This meeting is not for attribution.