Download or read book Per Jacobsson Lecture 1 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2005-08-08 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reports about the Per Jacobsson Foundation and various lectures in detail. Mr. Camdessus was educated at the University of Paris and earned postgraduate degrees in economics at the Institut d'Etudes Politiques de Paris and at the Ecole Nationale d'Administration Publique. He is a member of the Commission for Africa, which is chaired by the British Prime Minister, Tony Blair. Following his appointment as Administrateur Civil in the French Civil Service, Mr. Camdessus joined the Treasury in the Ministry of Finance in I960. After serving as Financial Attache to the French delegation at the European Economic Community in Brussels from 1966 to 1968, he returned to the Treasury and went on to become Assistant Director in 1971, Deputy Director in 1974, and Director in February 1982. Mr. Camdessus was appointed as Managing Director and Chairman of the Executive Board of the IMF on January 16, 1987. On May 22, 1996, the Executive Board of the IMF unanimously selected him to serve a third five-year term as Managing Director, beginning January 16, 1997.
Download or read book THE 1989 PER JACOBSSON LECTURE written by and published by . This book was released on 1989 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Some New Directions for Financial Stability written by Charles Albert Eric Goodhart and published by . This book was released on 2004 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Per Jacobsson Lecture written by International Monetary Fund and published by International Monetary Fund. This book was released on 2014-04-08 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the grave disruption of the subprime market at the start of the global financial crisis triggered major turbulences in the functioning of money markets in all large advanced economies, central bankers have experienced extraordinarily demanding and difficult times, characterized by a succession of shocks unseen, in the advanced economies, since World War II. Given the structurally very different economies that central banks were dealing with, one could have expected that the shock of the crisis would have accentuated their differences and given rise to an even more diverse setof central bank policies, conceptual references, and measures in a selfish, inward-looking mode. Instead, however, a phenomenon of “practical and conceptual rapprochement” took place between central banks, amidst the economic and financial turmoil, with the closest central bank cooperation ever, as symbolically illustrated by the coordinated decrease of interest rates in October 2008. The crisis also started or accelerated a multidimensional process of convergence of key elements of monetary policy thinking and policymaking—“conceptual convergence”—that is far from being achieved, but calls for great attention from both academia and policymakers. This Per Jacobsson Lecture concentrates on this convergence process, reflecting as well on some theoretical and practical issues that are associated with unconventional monetary policy liquidity and quantitative measures and the forward guidance generalization, themselves part of the conceptual convergence phenomenon.
Download or read book Per Jacobsson Lecture written by Mr.Timothy Geithner and published by International Monetary Fund. This book was released on 2017-10-10 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: The choices we make in advance of the next financial crisis will have a major impact in determining the magnitude of the economic damage. Our vulnerability to crisis depends on the strength of the protections we build into the financial system through prudential regulation, as well as on the degrees of freedom we create for ourselves to respond to the unanticipated, and the knowledge and experience we bring in managing crises. Is the financial system safer today? With the reforms now in place and with the memory of the crisis still fresh, how confident should we feel about the resilience of the financial system and our ability to protect the US economy from a major financial crisis? Warburg Pincus President and former US Secretary of the Treasury Timothy Geithner attempts to answer these questions in his October 2016 Per Jacobsson Lecture.
Download or read book Per Jacobsson Lecture written by International Monetary Fund. External Relations Dept. and published by International Monetary Fund. This book was released on 2013-03-25 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The future of finance, and in particular saving it from a popular backlash against the global financial crisis and related crisis management policies, has become a matter of great concern. In this brochure, which presents in written form a lecture from the Per Jacobsson Foundation’s lecture series, former Reserve Bank of India Governor Y. V. Reddy explores three interrelated issues of particular concern to central bankers in the search for good finance for the future: how to ensure that the financial sector serves the society better, how to integrate financial sector policies better with national economic policies, and how to ensure that the financial industry functions as a means and not as an end in itself. The question-and-answer session following the lecture is also included in the brochure.
Download or read book The Per Jacobsson Lecture written by and published by . This book was released on 1980 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Anguish of Central Banking written by Arthur Frank Burns and published by . This book was released on 1979 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Why Banks are Unpopular written by Guido Carli and published by . This book was released on 1976 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Per Jacobsson Lecture written by International Monetary Fund. Communications Department and published by International Monetary Fund. This book was released on 2015-04-08 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the Federal Reserve’s statutory objectives are defined as specific goals for the U.S. economy—to pursue maximum sustainable employment and price stability—and its policy decisions are targeted to achieve these dual objectives, there might seem to be little need for its policymakers to pay attention to developments outside the United States. But such an inference would be incorrect: the state of the U.S. economy is significantly affected by the state of the world economy, and of course, actions taken by the Federal Reserve influence economic conditions abroad, which in turn spill back on the evolution of the U.S. economy and therefore must be taken into account in the Federal Reserve’s monetary policy choices. This Per Jacobsson Lecture first reviews the effect of the Federal Reserve’s monetary policies on the rest of the global economy, particularly emerging market economies. It then addresses prospective outcomes and possible risks associated with the normalization of the Federal Reserve’s policies. Finally, it discusses the Federal Reserve’s responsibilities in the world economy.
Download or read book Per Jacobsson Lecture written by Ms.Carmen Reinhart and published by International Monetary Fund. This book was released on 2017-09-18 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Latin America: Outlook and Challenges Ahead
Download or read book The Per Jacobsson Foundation At 40 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-06-21 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the appointment of Andrew Crockett as the Chairman of the Per Jacobsson Foundation. At its meeting on October 3, 2004, the Board of Directors of the Per Jacobsson Foundation unanimously selected Mr. Andrew Crockett as its new Chairman with effect from November 1. Mr. Crockett, a Director of the Foundation since October 1993, succeeds Mr. Jacques de Larosiere, Chairman since November 1999. Mr. de Larosiere announced his retirement from the Chairmanship and the Board of Directors in recognition of the age limit for directors of the Foundation agreed by the Board.
Download or read book In the Wake of the Crisis written by Olivier Blanchard and published by MIT Press. This book was released on 2014-08-29 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prominent economists reconsider the fundamentals of economic policy for a post-crisis world. In 2011, the International Monetary Fund invited prominent economists and economic policymakers to consider the brave new world of the post-crisis global economy. The result is a book that captures the state of macroeconomic thinking at a transformational moment. The crisis and the weak recovery that has followed raise fundamental questions concerning macroeconomics and economic policy. These top economists discuss future directions for monetary policy, fiscal policy, financial regulation, capital-account management, growth strategies, the international monetary system, and the economic models that should underpin thinking about critical policy choices. Contributors Olivier Blanchard, Ricardo Caballero, Charles Collyns, Arminio Fraga, Már Guðmundsson, Sri Mulyani Indrawati, Otmar Issing, Olivier Jeanne, Rakesh Mohan, Maurice Obstfeld, José Antonio Ocampo, Guillermo Ortiz, Y. V. Reddy, Dani Rodrik, David Romer, Paul Romer, Andrew Sheng, Hyun Song Shin, Parthasarathi Shome, Robert Solow, Michael Spence, Joseph Stiglitz, Adair Turner
Download or read book The U S Current Account Deficit and the Global Economy written by Lawrence H. Summers and published by . This book was released on 2004 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Balance of Payments Imbalances by Alan Greenspan written by International Monetary Fund and published by International Monetary Fund. This book was released on 2007-12-12 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on the developing countries, which accounted for nearly half the value of those surpluses, were apparently unable to find sufficiently profitable investments at home that overcame market and political risk. The United States a decade ago likely could not have run up today’s near $800 billion annual deficit for the simple reason that we could not have attracted the foreign savings to finance it. In 1995, for example, total cross-border saving was less than $300 billion. The long-term updrift in this broader swath of unconsolidated deficits and mostly offsetting surpluses of economic entities has been persistent but gradual for decades, probably generations. However, the component of that broad set that captures only the net foreign financing of the imbalances of the individual US economic entities, our current account deficit, increased from negligible in the early 1990s to 6.2 percent of our GDP by 2006.
Download or read book Per Jacobsson Lecture September 2011 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-06-20 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses that as the IMF had been designed to assist countries with current account deficits, its role came under discussion. It subsequently regained some importance during the Latin American crises in the 1980s and the emerging market crises in the 1990s. It became apparent that an initially national crisis might very quickly assume a global character by spreading through closely linked financial systems. The global financial system and the global real economy are so intertwined that a financial crisis can severely affect the real economy in both emerging and advanced economies. Emerging economies acted as an important stabilizer at the height of the crisis, whereas major advanced economies are now facing a rather modest outlook for growth. The ultimate objective should be to tackle the roots of the crisis instead of just creating ever more instruments to fight the symptoms. Against this backdrop, any attempt to enhance the IMF's capacity for crisis management has to be thoroughly assessed in terms of costs and benefits.
Download or read book Life Reimagined written by Barbara Bradley Hagerty and published by Penguin. This book was released on 2016-03-15 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: A dynamic and inspiring exploration of the new science that is redrawing the future for people in their forties, fifties, and sixties for the better—and for good. There’s no such thing as an inevitable midlife crisis, Barbara Bradley Hagerty writes in this provocative, hopeful book. It’s a myth, an illusion. New scientific research explodes the fable that midlife is a time when things start to go downhill for everybody. In fact, midlife can be a great new adventure, when you can embrace fresh possibilities, purposes, and pleasures. In Life Reimagined, Hagerty explains that midlife is about renewal: It’s the time to renegotiate your purpose, refocus your relationships, and transform the way you think about the world and yourself. Drawing from emerging information in neurology, psychology, biology, genetics, and sociology—as well as her own story of midlife transformation—Hagerty redraws the map for people in midlife and plots a new course forward in understanding our health, our relationships, even our futures.
