Global Imbalances, Trade and Economic Stability

FORUM ON
Global Imbalances, Trade and Economic Stability

Date: Friday, May 25, 2012
Location: Founders Hall, Room 126, 3351 Fairfax Drive, Arlington, VA 22201

The world economy has been undergoing massive reorientation in recent times particularly since the global financial crisis. While the emerging market economies were not insulated from the financial crisis and global downturn, they bounced back more rapidly than the rest of the world and have continued on their fairly steep growth trajectories. However, with this partial recovery have come increased trade imbalances, accelerated capital flows, larger stocks of foreign exchange reserves, massive public and private sector debt burdens, and financial and currency instability. Will these imbalances lead to another depression? Do we have the means to contain or reverse these imbalances? What are the challenges facing the policymakers if we do not? What are the implications of the ongoing currency concerns involving quantitative easing in the US and Japan, on the one hand, and persistent foreign exchange intervention in China and other Asian economies on the other? What lessons, if any, can the world take away from the debt crisis in Europe? These and other related issues will be examined and debated in this one-day forum in Arlington.

For questions, please contact CEMP at:
Ph: 703-993-8672
Email: cemp@gmu.edu
http://policy-cemp.gmu.edu

Confirmed Speakers:

‘Debt and External Imbalances: Is the Euro Threatened by External Imbalances more than by Sovereign Debt?’ Michele Fratianni, Indiana University

‘A New Argument for Capital Controls’ Juan Carlos Martinez Oliva, Peterson Institute for International Economics

‘Exchange Rate Misalignments in the Frequency Domain’ Alexei Orlov, Radford University

‘Do Capital Controls Reduce the Volatility of Gross Capital Inflows?’ Ramkishen Rajan, George Mason University

‘Managing Capital Flows’ Tony Cavoli, University of South Australia

‘Capital Account Reversals and the Need for International Reserves’ Tom Willett, Claremont Graduate University

“Macroeconomics and Sovereign Risk Ratings” Ottoviano Canuto, World Bank

Trade Round Table; Sonia Ketkar, Stuart Malawer, Robert Rogowsky, Ken Reinert, George Mason University