Members in the News

  • How to Sustain Economic Growth in Asia
  • July 21, 2015

     

    Haruhiko Kuroda, Governor of the Bank of Japan, discusses the steps necessary to maintain robust economic growth in Asia at the Amartya Sen Lecture organised by the Cambridge Society of Thailand.

  • Complacency and Incrementalism are Traps to Avoid
  • July 12, 2015

     

    In an opinion piece for the Financial Times, Lawrence Summers, Charles W. Eliot professor at Harvard University, calls for “clear-eyed, bold action” to manage ongoing financial uncertainties globally.

  • Banking Needs Culture and Conduct
  • June 23, 2015

     

    William R. Rhodes, CEO of William R. Rhodes Global Advisors, LLC, discusses the current state of U.S. banking culture in an interview with Bloomberg Business. Rhodes stresses the need to “get back to the basics,” citing the recent LIBOR and Forex scandals as reasons why the global community continues to lack confidence in the banking sector.

  • Building Real Markets for the Good of the People
  • June 10, 2015

     

    Mark Carney, Governor of the Bank of England, delivers a speech at the Lord Mayor's Banquet for Bankers and Merchants of the City of London at the Mansion House. In it, he describes the previous failures of the markets, including the "numerous incidents of misconduct, undercutting public trust and threatening systemic stability." Furthermore, he stresses the need for individuals, firms, and regulators to work toward fair markets to not only help the UK prosper but the global economy as well.

  • The US Economic and Monetary Policy Outlook
  • June 5, 2015

     

    In a recent speech, President of the Federal Reserve Bank of New York, William Dudley, discusses his expectations of rising Fed rates along with an increase in growth for the remainder of the year. He concluded that forming a solid economic outlook for the year would be challenging until further macroeconomic data are released, but that it will be likely that “conditions will be appropriate to begin monetary policy normalization later this year.”

  • The U.S. Underestimates Growth
  • May 18, 2015

     

    In an opinion piece for the Wall Street Journal, Martin Feldstein, Professor of Economics at Harvard University and President Emeritus of the National Bureau of Economic Research, discusses that inaccuracies in official figures for price inflation and real growth cause an understatement of growth. He advocates changes in tax rules to achieve “faster growth with more capital accumulation, increased labor-force participation, and greater innovation that leads to new products and more efficient means of production.”

  • May 15, 2015

     

    In a speech at the Yomiuri International Economic Society in Tokyo, Governor of the Bank of Japan, Haruhiko Kuroda, reflects on the two year anniversary of the introduction of Qualitative and Qualitative Monetary Easing (QQE) by the BoJ. He states that "the economic and price situation has improved substantially in Japan." He also discusses the inflation rate as well as the outlook for the Japanese economy.

  • May 8, 2015

     

    In an opinion piece for Project Syndicate, Kenneth Rogoff, Professor of Economics and Public Policy at Harvard University discusses the importance of alleviating global inequality. In his article, he mentions the "fundamental flaw" apparent in Europe's migration crisis, asserting that a truly progressive society would be in support of equal opportunity for all. Rogoff warns about focusing on only domestic inequality and therefore calls on rich countries to make a difference in combatting global inequality.

  • April 20, 2015

     

    In a recent speech at the Europlace International Financial Forum in Paris, Christian Noyer, Governor of the Banque de France and Chairman of the Board of Trustees of the Bank for International Settlements, discusses the need for more market-based financing to ensure stability and promote growth. He also notes that "a more balanced funding structure is a necessarily long process, which requires a strong commitment and support from public intervention."

  • April 16, 2015

     

    In an opinion piece for the Washington Post, Paul A. Volcker, Chairman Emeritus of the Group of Thirty and Former Chairman of the Federal Reserve System, discusses the need for meaningful financial reform. He argues that the structure that failed us in anticipating and responding to the emergency in the last recession is largely still in place. He warns that even with economic growth and progress in shoring up banking regulations with the addition of various oversight bodies, there are still inconsistencies among various regulatory agencies which could create future issues.

Member Publications

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