Geithner, Weinstein, Atkinson are new international economics fellows

January 8, 2003

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January 18, 2001, New York, NY – The Council on Foreign Relations announced today the addition of three leading international economists to its think tank. The Treasury Department’s Timothy Geithner and Caroline Atkinson will be based in the Council’s Washington office; Michael M. Weinstein of the New York Times will work at the Council’s New York headquarters.

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“These are among the most able people in our country to work on international economic policy,” said Council President Leslie H. Gelb. “They greatly strengthen an already strong program at the Council on foreign policy and economics.”

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Timothy Geithner, Under Secretary of the Treasury for International Affairs, will join the Council in Washington, D.C., as Senior Fellow in International Economics. Mr. Geithner, a Council Term Member, served as the principal subcabinet official in the Executive branch responsible for international economic and financial policy issues. He played a key role in formulating U.S. exchange rate policy, in designing the international financial response to the emerging market financial crisis of 1997-98, in negotiating reforms to the IMF and the World Bank and the expansion of the IMF’s financial resources, and in shaping the Cologne debt initiative for developing countries. He represented the United States as the G-7 finance deputy and finance sherpa.

At the Council, he will study policies for crisis resolution in emerging market economies and the U.S. role in development assistance strategies.

He joined Treasury as a career civil servant in 1988 under Secretary James A. Baker III. From 1985-88, he worked for Kissinger Associates. He has a B.A. from Dartmouth and an M.A. from Johns Hopkins SAIS.

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Michael M. Weinstein, a member of the New York Times editorial board and the paper’s former leading economics columnist, will join the Council this month as a Senior Fellow in International Economics.

Mr. Weinstein was Chairman of the Economics Department at Haverford College from 1979-89. From 1987-89 he was an op-ed columnist for the Philadelphia Inquirer, and from 1986-87 he was an economics analyst and commentator for National Public Radio’s “Morning Edition.”

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He has a Ph.D. in economics from The Massachusetts Institute of Technology and a B.A.-Phi Beta Kappa-from Stanford.

In addition to several academic publications, Mr. Weinstein also has published over 1,200 columns, editorials, news analysis articles, and magazine pieces for the New York Times about health care, welfare, social security, tax, budget, trade, antitrust, telecommunications, banking, and many other public policy issues.

Caroline Atkinson, one of Treasury’s top three officials on international affairs, will join the Council as Senior Fellow in International Economics in Washington. At Treasury, she was a primary advisor to Secretaries Rubin and Summers on international monetary and financial policy, including foreign exchange markets, G-7 policy, international banking and capital markets and crisis management in emerging markets. As the Senior Deputy Assistant Secretary, she spearheaded Treasury’s work to reform the international financial architecture and was the point person on issues of private sector involvement in the resolution of financial crises.

A graduate of Oxford University, Ms. Atkinson was a senior official at the International Monetary Fund and the Bank of England before joining Treasury in 1997 working on issues ranging from the Latin American debt crisis, to the ERM crisis in Europe. Prior to her work in the official sector, Ms. Atkinson was an economics writer and columnist for The Times (London), Economist, and Washington Post.

At the Council, she will focus on market liquidity, examining whether financial consolidation and reduced activity by some macro-hedge funds are making international financial markets less liquid and more fragile and the policy implications.

Ms. Atkinson will also explore the scope for a high-level Council task force on Nigeria and work with Felix Rohatyn to establish an International Economics roundtable to discuss current issues.

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