The Source of Financial Crisis: A conversation led by Booth Professor Emeritus Robert Z. Aliber
January 30, 2014: 7:00 PM - 9:00 PM
Please join the University of Chicago Booth School of Business, Alumni Club of South Florida in once again welcoming Professor Emeritus Robert Z. Aliber as he gives his economic insights and leads a discussion on his research regarding the sources of financial crisis and resultant investment implications. Professor Aliber is professor emeritus of international economics and finance at the University of Chicago Booth School of Business. He has written extensively about exchange rates, international financial and banking relationships, as well as financial policy problems.
888 Biscayne Blvd #505
(Across street from Miami Heat American Airlines Arena. No Heat game or any other event at Arena that night)
Eight countries including the United States, Britain, Iceland, Ireland, and Spain experienced meltdowns of their banking systems in 2008 during the fourth wave of financial crisis since the early 1980s. The first wave was in 1982 and involved Mexico, Brazil, Argentina, and ten other developing countries. Japan and several of the Nordic countries were involved in the second wave in the early 1990s. The Asian Financial Crisis that began in July 1997 was the third in the series; Thailand, Indonesia, and Malaysia were engulfed. The crisis in Mexico during the Presidential transition at the end of 1994 was a preview of the events in Southeast Asia thirty months later. These waves of crisis are preceded by a surge in cross border investment flows to these countries, which leads to an increase in the prices of their currencies and in the prices of securities in these countries. Often these investment flows accelerate for several years, and the currencies become increasingly overvalued. The crisis is triggered when one or several of the lenders become more cautious in extending loans; then the prices of the currencies decline.
$10.00 per student
$20.00 per alumni
$30.00 per general
Includes heavy hors d'oeuvres and fine wine.
Steven Piekarczyk, '07
Vice President, South Florida Alumni Club