economies of the world.He is based in Charlotte, N.C. Before joining the company in 1998, Jay was an economist in the Division of International Finance at the Federal Reserve Board in Washington, D.C. Jay received his B.A. and Ph.D. degrees in economics from the University of North Carolina at Chapel Hill.
Is Separation Inevitable: Can the Eurozone and Greece Avoid Catastrophe?
Tuesday, June 30, 2015
11:00am ET - 12:00pm ET
Manuel Balmaseda, Global Chief Economist, CEMEX
Stuart Mackintosh, Executive Director, Group of Thirty
Jamie Murray, Chief Economist (EMEA), Bloomberg Intelligence
Michael McDonough, Global Director of Economic Research and Chief Economist, Bloomberg Intelligence
Greek banks are closed. ATMs are dark. The Eurozone faces very dangerous days indeed as negotiators hurl invectives, creditors clash with debtors, and frustrated voters go to the polls. What lies ahead for the Eurozone and Greece? Is divorce and ejection from the Eurozone avoidable or inevitable? Can the Europeans skirt disaster yet again? The NABE panel will discuss the Eurozone and Greek crisis, possible scenarios, from diverse perspectives.
Registration is FREE for NABE members and the public.
A podcast recording of this event is now available for NABE members on the NABE Podcast page.
FX Outlook: Bittersweet Punch From the SNB and ECB at the Après-QE Party
Wednesday, January 21, 2015
Nick Bennenbroek, Managing Director and Head of Currency Strategy, Wells Fargo Securities
David Powell, Economist, Bloomberg Intelligence
Robert Sinche, Global Strategist, Amherst Pierpont Securities, LLC
Michael McDonough, Global Head of Economics/Chief Economist, Bloomberg LP
Listen for insight ahead of Thursday's meeting of the European Central Bank and in the wake of last week's unexpected move by its counterpart in Zurich. Our speakers will talk about how ECB policy makers could surprise markets this week, as well as how much quantitative easing the euro area might eventually need. Where will the ripples stop from the Swiss National Bank's decision to abandon its franc cap last week? The conversation will look ahead to what these events mean for currency trading and economic growth in the region.
Registration is FREE and open to the public. Use the link below ("Register Now") to register for the event. You will receive a link for the webinar via email.
Interested in becoming a NABE member or want to renew your NABE membership? Visit the NABE Join page.
Nick Bennenbroek, Managing Director and Head of Currency Strategy, Wells Fargo Securities
Nick Bennenbroek is a managing director and head of Currency Strategy for Wells Fargo Securities, LLC. Nick offers foreign exchange markets analysis to help customers manage the risks and opportunities of operating and investing in these markets. In addition, Nick provides daily and monthly commentary on foreign exchange markets through several Wells Fargo publications. He appears frequently on business television and in media such as Bloomberg and CNBC, and his research is often quoted in financial publications such as The Wall Street Journal. Prior to his current position, Nick was a senior currency strategist at Brown Brothers Harriman in New York. He began his career as an analyst with the New Zealand Treasury in 1994. He then spent six years as an international economist for Bankers Trust and Deutsche Bank in London, New York, and Auckland, New Zealand. A native of New Zealand, Nick holds a bachelor’s degree in management studies, where he received first-class honors, and a master’s degree with distinction with a concentration in economics from the University of Waikato in Hamilton, New Zealand.
David Powell, Economist, Bloomberg Intelligence
David Powell is an economist at Bloomberg Intelligence in London, where he focuses on euro-area economics and currencies. Previously, he worked at Bank of America - Merrill Lynch as a currency strategist. He holds a master’s degree from the London School of Economics, where he wrote his dissertation on the creation of monetary union in Europe, and a bachelor’s degree from New York University. David is the author of “The Trader's Guide to the Euro Area: Economic Indicators, the ECB and the Euro Crisis”, which was published by Wiley. He is also a CFA Charterholder.
Robert Sinche, Global Strategist, Amherst Pierpont Securities LLC
Bob Sinche is a macro strategy consultant with Amherst Pierpont analyzing global economies and financial and commodity markets. He has extensive experience in global economic, investment and financial market analysis and direct experience managing global fixed income and currency portfolios. Prior to joining Amherst Pierpont, Bob held a variety of positions including Global Head of FX Strategy at RBS Securities, Chief Strategist at Lily Pond Capital Management and Head of Strategy for GRCC at Bank of America, managing a team of 24 global economists/strategists. From 1985 – 1998 he was the director of global fixed income asset management at Alliance Capital Management, Prudential Investments and Simms Capital Management, managing global bond portfolios for institutional investors, Central Banks and mutual funds. Previously, Bob was Chief Economist at Bear Stearns & Company from 1981- 1985 and financial market economist at Paine Webber. He appears as an economics and financial market commentator on Bloomberg TV and radio, CNBC and Fox Business News. He holds a BA in Economics (Phi Beta Kappa) from Hamilton College and a Ph.D. – ABD in economics from Brown University.
Outlook for the U.K. Economy
Tuesday, November 18
Martin Beck, Oxford Economics Jamie Murray, Bloomberg
Michael McDonough, Bloomberg
The BoE had been expected to raise rates before the Fed, but weakness in the Eurozone is shifting those expectations further out. Participating in this webinar will be Martin Beck of Oxford Economics and Jamie Murray of Bloomberg. Beck will discuss the BoE Inflation Report and monetary policy issues. Murray will provide a preview of what to expect in the autumn pre-budget statement and prospects for the U.K. economy.
Registration is FREE for NABE members, and for the public
Martin Beck is a Senior Economist at Oxford Economics. Prior to working for Oxford Economics, Martin spent almost two years at Capital Economics, where he worked on Capital’s UK macro and UK consumer services. He was responsible for producing UK macroeconomic analysis and forecasts on a national, sectoral and industry level. Before joining Capital, Martin spent 11 years as an economist in HM Treasury, where he worked in a variety of macroeconomic, microeconomic and policy roles. Martin has a first class degree in economics and a Master’s degree with distinction in economics from the University of London. http://www.oxfordeconomics.com/about-us/staff/263095/martin-beck
Jamie Murray is a Senior Economist at Bloomberg LP located in London focusing on the U.K.. Before joining Bloomberg, he was a Senior Economist at the OBR - the independent forecasting arm of HM Treasury. He also held a senior position at the New Zealand Treasury, where he conducted a review of its forecasting methods. Jamie has authored a number of research papers - subjects include the assessment of spare capacity, the influence of fiscal policy on the economy and economic modeling. He has an MSc in economics from the University of Sheffield.
International Roundtable Part One: Italy
(This event will be rescheduled for a later date. Please check back for updates)
Manuel Balmaseda Del Campo, Global Chief Economist, CEMEX, moderator Sandro Brusco, Professor of Economics, Stonybrook Mario Seminerio, Contributor, Società Editrice il Tempo Srl
Italy is struggling to form a government after Pier Luigi Bersani, the leader of the center left coalition, won national elections last month but failed to secure a ruling majority. President Giorgio Napolitano is in a desperate scramble of consultations to identify a suitable candidate for prime minister who could count on the backing of the country's fractured political parties to form a government..
Our April 11 webinar will feature NABE member and International Roundtable co-chair, Manuel Balmaseda Del Campo, the global chief economist of CEMEX as moderator, and panelists, Sandro Brusco, professor of economics at Stonybrook, and Mario Seminerio, economist, a former portfolio manager, and now economics columnist.
The panel will pick up the latest twists in this ongoing drama amid on of the country's most difficult economic crises since World War II. The webinar will discuss the political state of play as of April 11, and project the country's political and economic outlook.
Registration is free for NABE members, $20 for others. Click here to register.
The Euro-zone’s Economic Prospects
June 21, 2012 2:00pm ET
Suchit Arora, Senior International Economist, State Teachers Retirement System of OH, moderatorBryan Michael Bezold, Senior Europe Economist, Corporate Economics and Strategic Issues, Ford Motor Company slides Jay H. Bryson, Ph.D., Managing Director and Global Economist, Wells Fargo Securities, LLC slides
The Euro-zone is in economic turmoil. Without the institutions critical for a monetary union, the crisis has defied easy policy solutions. Will the policymakers come up with the necessary institutions to integrate the region further? What structural economic issues may help or hinder more integration of the region’s countries?
Registration is free for NABE members, $20 for others.
Click here to register.
Podcast: Addressing Currency Manipulation in 21st Century Trade Agreements
Tuesday, April 17, 2012
Eugenio J. Aleman, Senior Economist and Director, Wells Fargo Bank, moderator
Michael S. Sheridan, Director, Global Trade Strategy & Policy, Ford Motor Company
The trend towards global trade liberalization is now threatened, as some countries around the globe are retrenching from free trade discussions and are looking to protectionism as the appropriate policy response to real and perceived threats from unfair trade practices. Currency misalignment and the resultant global imbalances are providing fertile ground for those wishing to turn back the clock on free trade. Public opinion is also turning against trade liberalization as policy makers, in the face of high unemployment, are unable to defend or fully explain to their citizens the real and tangible benefits of open markets.
Against this backdrop, the U.S. is looking to bolster the support for free trade by adopting new trade principles for the 21st century.
Focus to date has included the need to address concerns like labor and the environment and intellectual property protection. Missing from the debate is the critical need to include disciplines in free trade agreement s to address the issue of currency manipulation and its profound and negative effects on trade liberalization. Only by dealing with this issue head- on will the case for free trade be fully restored.
This webinar will discuss why it is critical to include currency disciplines in 21st Century free trade agreements.
The podcast recording is free for members of the NABE International Roundtable and KnowledgeLINK members, $15 for NABE members, and $60 for others.
Click here to download the podcast.
Michael S. Sheridan was appointed Director of Global Trade Strategy and Policy for Ford Motor Company (Washington, DC), effective May 1, 2006. In his role, working within International Governmental Affairs, Mr. Sheridan leads Ford's global trade strategy activities as well as the Governmental Affairs Offices for Ford in Canada, Mexico and South America.
Mr. Sheridan is on the Board of Directors of the National Foreign Trade Council, the Canadian American Business Council and an active member of the American Automotive Policy Council and the Council of the Americas.
Mr. Sheridan joined Ford Motor Company of Canada, Limited in 1987 after receiving a Bachelor of Commerce degree from St. Michael’s College and an M.B.A. from the University of Toronto.
Before joining Ford Motor Company in the Washington office, Mr. Sheridan worked in several capacities within Ford's Canadian operations including assignments with Ford's Finance Office and as Director of Government Relations.
In addition to his Government Relations responsibilities, Michael also headed up Ford of Canada's Office of Economic Studies and was a key member of the Ford Team developing and implementing Ford of Canada's Revitalization Strategy for both its manufacturing and assembly operations in Canada as well the Company's Canadian marketplace activities.
Originally from Toronto, Canada, Michael Sheridan is married to Dr. Elizabeth Sheridan and they have two children Kathryn and Michael.
Investing in Russia: Strategic Issues for 2011 and Beyond
Tuesday, December 13
Yong Yang, Chief Economist - Asia Pacific & Africa, Ford Motor Company, moderator
Mark Barnes, Partner, High Growth Markets, KPMG
Marc van der Plas, CIS Head of Markets
Like many emerging markets, the Russian market is regarded as offering faster growth than more developed markets and higher per-capita incomes than other pockets of emerging Asia. However, Russia is receiving a renewed focus and as Bloomberg Business Week has recently stated, “For major global corporations, Russia is simply too big and too rich to ignore. Abundant reserves of oil, metals, and timber still lure multinationals eager to export those commodities, even though such investments are often fraught with difficulties. But Russia is not just a play for resource companies. Eighteen years after the fall of the Soviet Union, 140 million voracious consumers beckon. Demand for everything from kitchen cabinets to pharmaceuticals is still strong—and Russians have the petrodollars to pay for them."
The performance of multinationals looking to get their share of this ever-growing market depends greatly on identifying the right opportunities while dealing with the challenges of operating in Russia.
This informative Webcast will feature Mark Barnes, partner in charge of KPMG LLP’s High Growth Markets, a practice with the global reach, local knowledge, and industry experience to help companies make the most of their international opportunities. He will be joined by additional KPMG professionals who will give their insights regarding:
- Overview of emerging market dynamics, spotlighting Russia today
- Current investor sentiment and respective impact factors
- Succeeding in Russia: privatization, innovation, international taxation, governance, changes in risk and regulation
- Strategic issues for 2011 and beyond
Registration is free for members of the NABE International Roundtable and KnowledgeLINK members, $15 for others.
Click here to register.
International Roundtable Teleconference
Thursday, April 21, 2011
2:00 PM (ET)
William Janis, International Economist, U.S. Department of Agriculture, moderator
Greg Ip, U.S. Economics Editor, The Economist
In a candid seminar, Mr. Ip will examine a constellation of contemporary economic controversies. He will explore the prospects for President Obama’s goal of doubling the value of U.S. exports in five years. To achieve the goal of doubling exports, the Obama Administration has begun a process of realigning U.S. agencies responsible for international trade policy. Does reducing Government spending in the United States yield benefits similar to those of austerity in European countries? On the domestic side, Mr. Ip will examine the prospects of the Obama Administration and the Congress to achieve a consensus about reforming the rules for transfer payments (AKA entitlements) to limit their spiraling growth. Whither U.S. long-term interest rates when the Fed ceases its policy of quantitative easing in June. After this initial discussion, the moderator will open the floor to questions from the audience.
In the Washington, DC region, interested parties outside the NABE family may contact William Janis, U.S. Department of Agriculture, at 202-720-2194 or William.Janis@fas.usda.gov for details about partaking in this unique opportunity. He has reserved a USDA conference room for this event.
This event is free for NABE International Roundtable members and $15 for NABE members.
Click here to register.
Greg Ip is U.S. Economics Editor, based in Washington D.C. He covers the economy, financial markets, monetary, fiscal and regulatory policy. He contributes to The Economist’s blog, Free Exchange, and is a frequent commentator on radio and television. He joined The Economist in July, 2008. Prior to his current job, Mr Ip was a reporter for The Wall Street Journal, most recently as chief economics correspondent in Washington. There he created Real Time Economics, the Wall Street Journal’s online blog of Fed and economic news. A native of Canada, Mr. Ip received a bachelor’s degree in economics and journalism from Carleton University in Ottawa, Ontario.
The European Peripherals Taking Center Stage
Tuesday, December 14, 2010
2:00 PM (ET)
Kathleen Stephansen, Head of Economic Strategy for AIG Global Asset Management, moderator
Dr. Scott MacDonald, Head of Credit and Economic Research, Aladdin Capital
The so-called peripheral countries in Europe, Greece, Ireland, Spain Portugal and sometimes Italy do not qualify as large core European countries. Some analysts contend that the economic distress of the small countries would not significantly damage Europe, because collectively they contribute less than 20 percent of Europe’s GDP. However, when Greece began to admit that its budget deficit was larger than originally stated, debt for all of the peripherals sold off, with Greek bonds seeing the largest run up in yields. When it finally became clear that Greece would need a rescue package in the spring of 2010, credit markets seized up in both Europe and the United States while the markets nervously awaited the details of the bridge loan and the extent of the austerity. Now, Ireland has negotiated an € 85 billion loan package from the European Financial Stability Fund and the IMF. The package for the Emerald Isle amounts to over 65 percent of the country’s GDP compared with 40 percent for Greece. Where will the bailouts end? Will Germany and France succeed in achieving so-called burden sharing and will this unnerve bond markets to the point of making a Spain or Portugal rescue the next shoe of the centipede to drop. Join the International Roundtable in a lively discussion between Kathleen Stephansen, Head of Economic Strategy for AIG Global Asset Management and Dr. Scott MacDonald, Head of Credit and Economic Research at Aladdin Capital. Dr. MacDonald will have just returned from a trip to the UK and Ireland.
Registration is free for International Roundtable and KnowledgeLINK members, $15 for NABE members, and $60 for others..
Click here to register.
Tensions within the Chinese Model of Growth: Impressions from the 2010 NABE China Mission
Thursday September 23, 2010
Constance Hunter, Managing Director Chief Economist, Aladdin Capital Holdings LLC
Stuart Mackintosh, Executive Director, Group of Thirty
Chris Rupke, Chief Financial Economist, Bank of Tokyo Mitsubishi-UFJ
Clare Zempel, Zempel Strategic
Lynn Reaser, NABE President
NABE President Lynn Reaser will moderate a discussion on the Chinese model of growth, drawing on the experiences of a panel of members of the NABE 2010 Mission to China. Clear tensions are apparent in the Chinese economy as it grapples with the positive and negative effects a massive stimulus that was designed to avoid an economic slowdown caused by the great recession in the U.S. Join us for a lively and informed discussion of the challenges ahead as China seeks to manage growth, control booms and busts, and deliver for its populace.
This event is free to all NABE members. Click here to register.
The Growing Crisis in the Eurozone
Wednesday, May 12
11:00 AM (EDT)
Jay Bryson, Global Economist, Wells Fargo Securities, moderator
Ellen Hughes-Cromwick, Chief Economist, Ford Motor Company (former President of NABE)
Sophia Drossos, Co-Head, Global Foreign Exchange Strategy, Morgan Stanley
The crisis in the Eurozone appears to be worsening. An IMF led 110 billion euro bailout of Greece has failed to calm the markets. Meanwhile government debts levels in other Eurozone countries, including Spain, Portugal and Ireland continue to negatively impact the Euro, which has fallen to a one year low against the dollar. Join us for a discussion of the deepening crisis and its implications for markets, for European economies and global businesses.
This teleconference is available for purchase as a podcast by NABE members. Later, it will be available for free download by NABE members.
"Too Big to Bail"
Thursday, January 28
Constance Hunter, Chief Economist, Galtere Ltd., moderator
John Chambers, Standard & Poor's Slides
Scott MacDonald, Aladdin Capital Slides
"The U.S. government, like the U.K. government, the Greeks and the Irish, is going to need to draw down fiscal stimulus, pare expenditures [make cuts], raise revenues [taxes] and probably take a look at [cuts] in their entitlement programs [Social Security, Medicare, Education, etc]"
This quote from John Chambers, Managing Director of Standard & Poor's, summarizes the focus of this IRT-sponsored teleconference. What happens if the US, the UK, and even Japan fail to raise revenues, cut expenditures, pay down debt, and turn their fiscal ships around? Certainly they are ”too big to bail" should they falter. Constance Hunter, Chief Economist at Galtere (currently writing a book of the same title “Too Big to Bail: What Happens When Entitlement Costs Become Too Much for Large Countries with Aging Populations”) moderates a panel featuring John Chambers of S&P and Scott MacDonald of Aladdin Capital on January 28th at 3:00pm EST.
John Chambers is Managing Director of Sovereign Ratings at Standard and Poor’s. A long and distinguished career at Standard and Poors, John has been with the firm since 1993. He is widely published and quoted. In 2005, he was named chairman of the group's sovereign rating committee. This committee, which consists of senior sovereign analysts, sets and changes ratings for the 110 central governments rated by Standard & Poor's as well as for a score of multilateral and sub regional development banks, and over two dozen national development banks, import-export banks, and other public policy financial institutions. Before joining Standard & Poor's, John worked for Banque Indosuez and European American Bank. John is a chartered financial analyst. He has his masters of arts from Columbia University in English literature and his bachelor of arts from Grinnell College in English literature and philosophy.
Scott B. MacDonald is a Senior Managing Director of Credit and Economic Research at Aladdin Capital Holdings. Prior to that, he worked on sovereign and emerging markets at the Office of the Comptroller of the Currency, Credit Suisse, Donaldson, Lufkin & Jenrette, and KWR International. He is widely published, with his last book being a co-authored work, “Separating Fools from Their Money: A History of American Financial Scandals.” He is currently working on a new book, When Small Countries Crash, which is about the impact of both financial crashes and global finance on the fortunes of small countries, ranging from Scotland (1690s) and the United States (1792) to the present crises in Iceland, Latvia and Ireland.
Constance Hunter is presently the Chief Economist at Galtere Ltd. Prior to joining Galtere, Ms. Hunter was the Chief Investment Officer and Managing Member of Coronat Asset Management, a hedge fund that expressed macroeconomic views by taking equity positions that capitalized on those views. Prior to forming Coronat Capital Management, LP, Ms. Hunter was a founding partner of Quantrarian Capital Management, an Asia-focused hedge fund. Previously, she was employed at Salomon Smith Barney, Firebird Capital Management as a portfolio manager. She began her career as an Economist at the Chase Manhattan Bank, NA. Constance is presently working on a book titled “Too Big to Bail: what happens when entitlement costs become too much for large countries with aging populations”. She has a master’s degree from Columbia University’s School of International Affairs in International Economics and a BA from NYU in Economics and Sociology.
“Are Foreigners Losing Their Interest in U.S. Investments?”
Tuesday, July 7, 2009
2:00-3:00 PM Eastern
Jay Bryson, Global Economist, Wachovia Corporation
Nariman Behravesh, Chief Economist and Executive Vice President, IHS Global Insight slides
Torsten Slok, Senior Economist and Director, Deutsche Bank Securities slides
Abstract: Despite extremely low yields, foreign investors flocked to the safety of U.S. Treasury securities last autumn. However, budget deficits as far as the eye can see are causing some investors to question whether the relatively low yields of U.S. Treasury securities adequately compensate them for the risk of potentially higher inflation. Will foreign investors eschew U.S. Treasuries and other fixed income investments? What are the implications for the external accounts of the United States and the value of the dollar?
Recovery of International Agricultural Trade after Bursting of the Agricultural Price Bubble
Tuesday, June 9, 2009
William Janis, International Economist, U.S. Department of Agriculture
Stewart Ramsey, Senior Economist, Agricultural Services, IHS Global Insight slides
Ronald Trostle, Economist, Economic Research Service, U.S. Department of Agriculture slides
Summary: During 2007-08, agricultural commodity prices soared due to a various conventional and extraordinary factors. This phenomenon affected all countries which either export or import agricultural products. The global recession has substantially reduced agricultural trade flows. With glimmers of an economic recovery in the United States, the world’s largest agricultural exporter, will prospects for global agricultural trade improve by 2010?
Stewart Ramsey is a Principal and Senior Economist in IHS Global Insight's Agriculture Service, where he is responsible for forecasting and analysis of North American agriculture. He has more than 20 years of extensive experience in the area of forecasting crop supply and demand conditions around the world. His work has included areas such as biofuel and its potential and impacts, trade policy, climate change, farmer behavior and adoption of technology, and measures of sustainability. He has a graduate degree in economics from the University of Delaware.
Ronald Trostle serves as an agricultural economist with the Economic Research Service of the U.S. Department of Agriculture. His July 2008 analysis, Global Agricultural Supply and Demand: Factors Contributing to the Recent Increase in Food Commodity Priceshttp://www.ers.usda.gov/publications/wrs0801/, highlighted the convergence of conventional and extraordinary factors leading to the 2007-2008 spike in food prices and its impact on world agricultural trade. For his original and timely assessment of the effects of spiraling food commodity prices on international agricultural trade, Trostle earned the USDA Economist of the Year Award from the USDA Economists Group. Mr. Trostle completed graduate work at Kansas State University, while managing a farm producing grain.
"The New Global Financial Architecture and the Supervision of Systemically Important Banks"
Thursday, March 26, 2009
Leszek Balcerowicz, Member of the de Larosiere Commission, Professor of Economics at the Warsaw School of Economics (WSE), former Deputy Prime Minister and Minister of Finance, former President of the National Bank of Poland. de Larosiere Report
Richard Spillenkothen, Director, Regulatory & Capital Markets Consulting, Deloitte, and former head of banking supervision and regulation at the Federal Reserve Board. Slide Presentation
Stuart P.M. Mackintosh, Chair of the International Roundtable, Executive Director of the Group of Thirty, who will moderate.
The April 2, G20 summit in London will drive the process of redesigning the global architecture of financial supervision and oversight of systemically important financial institutions. The teleconference will review the challenges ahead and discuss the possible results of the G20 deliberations, European proposals for reform, and US steps toward domestic regulatory reform.
Leszek Balcerowicz (born 1947); Professor of Economics at the Warsaw School of Economics (WSE), former Deputy Prime Minister and Minister of Finance, former President of the National Bank of Poland (NBP). He is the architect of Poland's economic reforms initiated in 1989; he has been at the center of Poland's economic and political life since the fall of communism in Poland in 1989. Author of more than 100 publications on economic issues in Poland and abroad. Recipient of numerous honours from universities and awards worldwide. Awarded with Poland's highest decoration - Order of the White Eagle - for his contribution to the system transformation (2005). Since 2006 Leszek Balcerowicz has belonged to the Distinguished Associates of the International Atlantic Economic Society (IAES), founded in 1973; the IAES serves as an educational and scientific forum for the global community of well-known economists from around the world. In 2006 Leszek Balcerowicz became a member of the Group of Trustees, Institute of International Finance as well. The Group is engaged in the introduction and development of good practices concerning capital flows and debt restructuring in emerging markets. Founder of the Civil Development Forum Foundation. In 2008 Leszek Balcerowicz has been appointed as the chairman of Bruegel, a European think tank.
In 1970 he graduated with distinction from Foreign Trade faculty in Central School of Planning and Statistics (CSPS) in Warsaw, now Warsaw School of Economics (WSE). In 1974 he gained an MBA at St. John's University in New York; in 1975 he received his Ph.D. in economics at the CSPS. Among his academic distinctions are visiting fellowships at the University of Sussex (1985), and Marburg University (1988). Since October 1992 Leszek Balcerowicz has been a Professor at the Warsaw School of Economics (WSE), and since 1993 he has been a director of Chair of International Comparative Studies at WSE. In 1992-2000 he was a chairman of Council of the Center for Social and Economic Research (CASE) based in Warsaw. Since 2006, he has been a Corresponding Member of the History and Philosophy Class of the Polish Academy of Arts and Sciences.
In September 1989 Leszek Balcerowicz became Deputy Prime Minister and Minister of Finance in the first non-communist government in Poland after II World War. He was also President of the Economic Committee of the Council of Ministers. In this vital period in Poland's transition he designed and executed the radical stabilization and transformation of Polish economy. He retained his positions in the government until December 1991. From April 1995 to December 2000 he was the president of the Freedom Union, a free market - oriented party. From 1997 to June 2000 he was Deputy Prime Minister, Minister of Finance and President of the Economic Committee of the Council of Ministers. In January 2001, he was appointed to the post of the President of the National Bank of Poland.
Leszek Balcerowicz has given many lectures and seminars world-wide. He received honorary doctorates from the following universities: the University of Aix-en-Provence, France, the University of Sussex, UK, De Paul University of Chicago, USA, the University of Szczecin, Poland, Staffordshire University, UK, Mikolaj Kopernik University of Torun, Poland, Dundee University in Scotland, the Economic University in Bratislava, Slovakia, Viadrina European University in Frankfurt (Oder), Germany, University of the Pacific in Lima, Peru, "Alexandru Ioan Cuza" University in Iasi, Romania, the Gerhard Mercator University in Duisburg, Germany, the Karol Adamiecki University of Economics in Katowice, the Poznan University of Economics, the Wroclaw University of Economics, the University of Gdansk and his Alma Mater Warsaw School of Economics.
In 1992 he was awarded the Ludwig Erhard Prize from the Ludwig Erhard Foundation, Germany. In 1998 Mr. Balcerowicz received "Finance Minister of the Year" title from the British financial monthly "Euromoney". In 1999 European Institute of Washington granted him "Transatlantic Leadership Award" for the most outstanding European personality in 1998, and he received the Central European Award for the Finance Minister of the Year 1998 in Central and Eastern Europe. In 2001 he was awarded the Friedrich von Hayek Prize, Germany; in the same year he received the Carl Bertelsmann Prize for his achievements during the process of transformation of the Polish economy. In 2002 the Fasel Foundation honoured him with a prize for his merits for the social market economy. In January 2004 British monthly "The Banker" recognized Mr. Balcerowicz as central banker of the year for Europe. In October 2004 he was granted the annual "Emerging Markets Award" for the best president of a central bank in Central and Eastern Europe. In 2006 voted byFT.com readers one of five winners in the Pioneering Thought Leadership Project.
Richard (Rich) Spillenkothen joined Deloitte & Touche LLP’s Regulatory & Capital Markets Consulting Practice in Washington, DC, after a career of over 30 years at the Board of Governors of the Federal Reserve System.
Rich served as Director of the Federal Reserve Board’s Division of Banking Supervision and Regulation from 1991 to 2006. In this capacity, Rich was the senior Federal Reserve Board staff official with responsibility for banking supervision and regulation policy and operations. He oversaw the Federal Reserve’s programs for supervising bank and financial holding companies, state member banks, and the U.S. activities of foreign banks. He also coordinated financial institution supervisory policy with Reserve Bank officials, as well as with other federal, state and foreign banking supervisory authorities. His regulatory responsibilities included overseeing the process for assessing the financial and management impact of major bank and holding company acquisitions and expansions.
As Division Director at the Board of Governors, Rich had management oversight responsibility for the development and implementation of policies relating to prudential supervision, capital adequacy, regulatory accounting and disclosure, risk management (compliance, credit, market/liquidity and operational risk), supervisory enforcement, and the use of information technology within the supervision function. He also chaired the supervision function’s strategic plan steering committee, comprising the senior supervisory officials from the Board and the twelve Federal Reserve Banks.
Rich served on the Basel Committee on Banking Supervision from 1992 to 2006. From 2003 to 2006 he was the chairman of the board of the Association of Supervisors of Banks of the Americas, the 34-country regional organization of banking supervisors in the Western Hemisphere. He also represented the Federal Reserve on domestic interagency policy and coordination committees, including the Federal Financial Institutions Examination Council’s Supervision Task Force.
Rich joined the staff of the Federal Reserve Board in 1976 in the Division of Banking Supervision and Regulation and held various staff and management positions in the policy, planning and supervision operations areas prior to being appointed Director in 1991.
Rich holds an M.B.A. from the University of Chicago and an A.B. from Harvard University.
"Politics and Business in Russia After the Elections"
Thursday, April 24, 2008
Speaker: Stanislav Shekshnia, Affiliate Professor INSEAD, author, entrepreneur
(Dr. Shekshnia last spoke to NABE members at a teleconference sponsored by the International Roundtable on February 28, 2005.)
Stanislav Shekshnia brings a prospective of a business executive and academic. His specific areas of interest are leadership, entrepreneurship, leadership development and succession, emerging economies, cross-cultural management, organizational culture, and change management.
In 1991-2002 Stanislav Shekshnia held positions of CEO of Alfa-Telecom, President and CEO, Millicom International Cellular, Russia and CIS, Chief Operating Officer of VimpelCom, Director of Human Resources, Central and Eastern Europe of Otis Elevator. He served as Chairman of SUEK, Vimpelcom-R and a board member of a number of Russian and international companies. Currently Stanislav is a member of a Supervisory Board of DTEK, the largest Ukrainian energy company.
Dr. Shekshnia has over 15 years of graduate level teaching experience. He is an Affiliate Professor of Entrepreneurship at INSEAD; he has taught graduate and executive courses in entrepreneurship, leadership, international management and people management and lectured at ESCP-EAP, HEC, Northeastern University, California State University at Hayworth, Stockholm School of Economics, Moscow State University, International Management Institute in St. Petersburg.
In 2002 Stanislav Shekshnia co-founded Zest Leadership international consultancy. With Zest Leadership he concentrates on leadership, leadership development, organizational development and intercultural management. Dr. Shekshnia provides personal coaching to business owners and corporate executives. His clients have included BP, TNK-BP, Cisco, Enskilda Securities, Siegwerk, Ipsen, Meditel, United Technologies, Norilsk Nickel, EdP, Telefonica, KAMAZ, Megafone, IlimPulpEnterprise.
Dr. Shekshnia is the author, co-author, or editor of 5 books, including “The New Russian
Business Leaders” (2004 with M. Kets de Vries, K. Korotov, E. Florent-Treacy), Corporate Governance in Russia (2004, edit. with S. Puffer and D. McCarthy), Russian management bestseller Managing People in Contemporary Organization (seven editions since 1995). His work appeared in such journals as The Academy of Management Executive, The European Management Journal, Harvard Business Review Russia, Harvard Business Review Germany, Journal of West-East Business, Case Research Journal, California Management Review, Compensation and Benefits Review, Journal of Management Inquiry, The International Executive, L’Expansion Management Review, Russian business daily Vedomosty, Expert, Management, Personnel Management, Personnel Mix, Kariera andKompania magazines.
Stanislav Shekshnia lives in Paris, but frequently travels to his mother land for business and hunting expeditions.
Asian Outlook and Prospects for Industries" Teleconference
Monday, April 7, 2008
2:00-3:00 PM Eastern
“The ADB’s 2008 Asian Development Outlook”
Ifzal Ali, Chief Economist, Asian Development Bank Slideshow
“Which Industries Gain and Which Lose in a Slowing Asian Economy?”
Mark Killion, CFA, Managing Director, World Industry Services, Global Insight Slideshow
Stuart Mackintosh, International Roundtable Chair/Executive Director, The Group of Thirty
Ifzal Ali will discuss Asian economic development and the impact of global financial markets, the effects of U.S. credit crunch, whether rising food and energy prices will fan inflationary flames across the region, and how policymakers should deal with rising inflation and a slowdown in global growth. Mark Killion will follow with a discussion of the changing prospects for industry activity, spending and profits, and more. He will show which sectors are the likely winners and losers in Asia and will compare those to the rest of the world. Please join us for this timely teleconference.
“Asian Capital Markets”
Thursday, May 17, 2007
11 AM to 12 Noon EDT
David Hale, Hale Advisors, LLC
David has recently met with officials and business leaders in Korea, Japan and China. This teleconference will draw from those meetings.
This teleconference has been turned into a NABE Premium Podcast. It can be purchased for $10 on the NABE secure server.
“Emerging Markets and Volatility”
Tuesday, March 27, 2007
11:00 AM EDT
Since the stock market downturn in the China on Feb. 27, markets in Asia and the rest of the world have tumbled. Join us at this teleconference sponsored by the International Roundtable to understand about volatility in emerging markets and whether there is a bumpy road ahead.
Speaker:Nariman Behravesh, Chief Economist, Global Insight
Stuart Mackintosh, IRT Officer and Executive Director, The Group of Thirty, will moderate.
This is a free NABE podcast, and can be downloaded from the NABE Podcasts page or via an iTunes subscription.
Download slide show (PDF, 280 K) NABE members only.
Thursday, May 4, 2006
Replay of "Financial Market Reform in China"
Sponsored by the International Roundtable
James Dorn, Vice President for Academic Affairs, Cato Institute and
John Thompson, Financial Economist, former Financial Advisor, OECD Financial Affairs and Enterprise Directorate
Moderator: Patrick Casey, AVP Forecasting & Planning, TTX Company
While China's currency policy continues to make headlines, that policy is but one aspect of evolving Chinese financial markets. The broader financial context, including issues such as capital controls, interest rate policy, price stability, privatization, savings rates, domestic equity ownership and foreign investment all will affect the health of China's economy and the direction of its vital trade relationship with the U.S. Both speakers bring their in-depth understanding of China to this discussion of the challenges of and prospects for Chinese financial reform.
China Capital Markets (PDF)
Financial Regulation in China (PDF)
Governance in Banks of China (PDF)
Economic Development Bulletin (PDF)
This teleconference is available as a free podcast. See the NABE Podcasting page for details.
Thursday, Feb 9, 2006
Replay of “Currency Outlook 2006: Currencies in the Europe and Asia”
Podcast replay of this Teleconference sponsored by the NABE International Roundtable
Originally held Thursday, February 9, 2006, 12 Noon EST
Europe--Paul Donovan, Deputy Head, Global Economics, UBS Investment Bank
Asia--Todd Lee, Managing Director, Greater China, Global Insight
Sara Johnson, IRT Director and Managing Director, Global Macroeconomics, Global Insight, will moderate
Todd Lee's slide show (PDF, 140 K)
This is a free NABE podcast.
Wednesday, Feb 1, 2006
Teleconference: “Currency Outlook 2006:Currencies in the Americas”
Canada--Tim O’Neill, O’Neill Strategic Economics, Ontario, Canada
Latin America--Michael Warren, National Manager, Toyota Motor North America
This is a free NABE podcast.
Thursday, June 9, 2005
“Brazil's Competitive Advantages”
Affonso Pastore, LatinSource’s economist in Brazil, President and Founder of A.C. Pastore & Associados, an economic consulting firm based in Sao Paulo.
Catherine Mann, International Roundtable Chair
Teleconference slide show
Affonso Celso Pastore serves as LatinSource’s economist in Brazil and is President and Founder of A.C. Pastore & Associados, an economic consulting firm based in Sao Paulo.
Dr. Pastore was President of the Central Bank of Brazil from 1983-1985. He previously served as Secretary of Finance for the State of Sao Paulo, and prior to that as Director of Research for the Instituto de Pesquisas Econômicas, a foundation associated with the Department of Economics at the University of São Paulo. He also served as Director of Research at the “Fundação Centro de Estudos do Comércio Exterior” (FUNCEX).
Dr. Pastore received both his Bachelor and his Doctorate degrees in Economics from the Universidade de Sao Paulo, where he held the positions of Professor and Dean of the Department of Economics from 1978 to 1999. He continues teaching graduate courses at the Fundação Getulio Vargas/RJ on “Open Economy Macroeconomics”, “Money and Banking” and “Econometrics”.
Dr. Pastore has written numerous articles published in major journals that focus on monetary and stabilization policies, and on international monetary issues. He has also devoted his studies to the problems of agriculture within the Brazilian economy.
Tuesday, May 3, 2005
Recent Developments in International Corporate Governance, with a Focus on Trans-Atlantic Issues
Holly Gregory, Partner, Weil, Gotshal & Manges and
Grant Kirkpatrick, Senior Economist, OECD.
William Witherwell, OECD,moderater
February 28, 2005
Russia and Its Economic and Business Environment
- William Tompson, Senior Economist, South-East Europe/NIS, Economics Department, OECD
- Rudiger Ahrend, Economist, South-East Europe/NIS, Economics Department, OECD
- Stanislav Shekshnia, Adjunct Professor INSEAD, author, entrepreneur
Rudiger Ahrend is Economist for the NIS and South-eastern Europe in the Non-member Economies Division of the OECD Economics Department, and is the co-author of the OECD Economic Surveys of Romania (2002) and Russia (2004). He specialises in macro-economics and the political economy of emerging markets, and has published numerous journal and newspaper articles in the field. He has previously worked as a researcher, independent consultant, as well as an advisor to governments in various transition countries.
OECD Slide Show
William Tompson is Senior Economist for the NIS and South-eastern Europe in the Economics Department of the OECD. He is on leave from the University of London, where he is Reader in Politics, and he is also an associate fellow of the Royal Institute of International Affairs. Dr Tompson is the author of Khrushchev: A Political Life (Macmillan/St Martin's, 1997) and The Soviet Union under Brezhnev (Longman, 2003), as well as numerous articles and book chapters on Soviet and Russian politics and economic policy. Together with Rudiger Ahrend, he prepared the fifth OECD Economic Survey of the Russian Federation, which appeared in July 2004.
Stanislav Shekshnia is an Adjunct Professor of Entrepreneurship at INSEAD. Dr. Shekshnia spent 10 years as a business executive and entrepreneur in France, USA, Russia and Central Europe. He has master's degree in Economics and Ph.D. from Moscow State University and MBA from Northeastern University in Boston. In 1991-2002 Stanislav Shekshnia held positions of Director of Human Resources, Central and Eastern Europe for Otis Elevator, President and CEO, Millicom International Cellular, Russia and CIS, Chief Operating Officer of VimpelCom, CEO of Alfa-Telecom. He served as Chairman of Vimpelcom-R and board member of a number of Russian companies.
In 2002 Stanislav Shekshnia co-founded Zest Leadership international consultancy. With Zest Leadership he concentrates on leadership, leadership development, organizational development and intercultural management. Dr. Shekshnia provides personal coaching to business owners and corporate executives. His clients have included BP, TNK-BP, KAMAZ, Telecominvest, and United Technologies.
Dr. Shekshnia has over 15 years of graduate level teaching experience in Russia, France and United States. He is the author, co-author, or editor of 5 books, including Russian management bestseller Managing People in Contemporary Organization (seven editions since 1995), Group Focus (2003, with M.Rousseau-Ovchinnikov) , Kak Eto Skazat Po-Russki: Western Management Methods in Russia (2003), Corporate Governance in Russia (edit. with S. Puffer and D. McCarthy upcoming) , New Russian Business Leaders(with M. Kets de Vries and associates, upcoming). He has published book chapters, articles, executive commentaries, interviews and case studies on entrepreneurship, leadership, people management, intercultural management and business and management in Russia.
Shekshnia slide show
Dec 17, 2004
"Breaking Up is Hard to Do: Prospects for the Dollar"
Catherine Mann, Institute for International Economics
Slideshow (PDF, 282 K)
April 16, 2004
Joint Teleconference with Technology Roundtable
Catherine Mann, Senior Fellow, Institute for International Economics
"Trade Security and Trade Facilitation: Must They Conflict?"
Our speakers will be:
K. Jack Riley, Director, RAND Public Safety and Justice, RAND Corporation. (Dr. Riley also directs the Homeland Security Center in RAND's National Security Research Center.)
Greg Moxness, Director, Office of Regulatory and Economic Analysis in the Office of Transportation Security Policy, Department of Homeland Security
Brian Rankin Staples, Principal, Trade Facilitation Services (Ottawa)
Catherine Mann, Institute for International Economics, will moderate.
K. Jack Riley was appointed Director of RAND Public Safety and Justice in September 1999 and the Director of the National Security Research Division's Homeland Security Center in September 2003. He is also co-director of RAND's Center for Terrorism Risk Management policy. In these capacities, he manages RAND's relationship with the Department of Homeland Security and coordinates much of RAND's homeland security work on issues such as deterrence, prevention and preemption; domestic preparedness; and consequence mitigation. He leads a variety of research efforts on counterterrorism, homeland security, and terrorism risk management with public and private sector clients, including a current project that updates the first empirical analyses of preparedness for domestic terrorism (Domestic Terrorism: A National Assessment of State and Local Preparedness, RAND, 1995). The revised version of the national survey will be released early in 2004. His recent homeland security publications include: California's Vulnerability to Terrorism (RAND, 2002) and The Implications of the September 11th Terrorism Attacks for California (RAND, 2002).
Jack is active in research areas beyond homeland security, including gun violence and drug policy. He currently serves as co-PI on a project funded by the Department of Justice to analyze gun trace data and to assist law enforcement with designing effective illegal gun market disruption strategies. His recent publications include: Reducing Gun Violence: Results from an Intervention in East Los Angeles (RAND, 2003) and From Boston to Boyle Heights: The Process and Prospects of a "Pulling Levers" Strategy in a Los Angeles Barrio (Wadsworth, 2002). Currently, he is funded by the Robert Wood Johnson Foundation to analyze prosecution and sentencing of drug offenders in California. His recent publications include: "UNCOPE: A Brief Substance Dependence Screen for Use with Arrestees," (Journal of Drug Issues, 2003); "Monitoring the Crack Epidemic through Urine Testing: Establishment of Routine Detection Methods," (Addiction Biology, 2001); and "The Validity of Adult Arrestee Self-Reports of Crack Cocaine Use, (Journal of Drug and Alcohol Abuse, 2001)."
Since 2000, Jack has served on the admissions committee of the RAND Graduate School. He also serves on the advisory board of the Forensic Science Institute at CSU-LA and on the Homeland Security Advisory Council for metropolitan Los Angeles.
From 1995 to 1999, Jack was with the US Department of Justice, National Institute of Justice. Jack received his BA (economics and Russian) from the University of Michigan in 1986; his MS (foreign service) from Georgetown in 1988; and his PhD (public policy analysis) from the RAND Graduate School in 1993.
Greg Moxness graduated from Coe College, 1977, with a major in economics. He spent ten years as an Air Force pilot and plans officer. He left Air Force for graduate school in Public Administration. He came to Washington, DC, as part of the Postal Services revival of the management intern program. After the internship, he spent 13 years as an economist and marketing specialist. He has had responsibilities for salary and benefit modeling, budget systems, national sales accountability, and forecasting.
He joined Transportation Security Administration in February of 2003 as an economist in Regulatory and Economic Analysis of the Office of Transportation Security Policy. In October, he was named Director, Office of Regulatory and Economic Analysis. Greg is responsible for the cost-benefit analysis of proposed regulations as well as other economic analysis for TSA. His primary interest is fostering improved public decision making with solid analytical analysis and procedures and advocating public service.
Brian R. Staples is a Senior International Trade Expert with 20 years progressive experience covering a broad knowledge of technical trade fundamentals such as valuation, duty and tax deferral programs, rules of origin and the Harmonized System of Classification, combined with an interest in trade policy.
He is a Principal (1998 - Present) with Trade Facilitation Services, Ottawa, Ontario; and a Senior Fellow (1999 - Present), Technical Trade and Customs Reform Advisor to the Centre forTrade Policy and Law, Ottawa, Ontario. He is a Member of the Trade Policy Committee, Canadian Council for International Business (Canadian Secretariat of the International Chamber of Commerce and the Business and Industry Advisory Committee to the O.E.C.D.) and member of the International Affairs Committee, Canadian Chamber of Commerce.
He has a Bachelor of Arts in Law and Philosophy, Carleton University (1989), and a Diploma from the International Freight Forwarders Association (1993).