Global Imbalances: Current Accounts and Financial Flows

Myron Scholes Global Markets Forum

September 27, 2011, 5:30–7 p.m., Gleacher Center

Stephen Cecchetti discussed global imbalances and answer the following questions: What's the problem? Why do we care? Is there a way out?

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This event was part of the Initiative on Global Markets (IGM) and is generously sponsored by Myron Scholes.

Speaker Profiles

Stephen Cecchetti was appointed economic adviser and head of the Monetary and Economic Department at the Bank for International Settlements (BIS) on July 1, 2008. Prior to joining the BIS, Cecchetti was the Barbara and Richard M. Rosenberg Professor of Global Finance at the Brandeis International Business School. Previously, he held various other positions, including executive vice president and director of research at the Federal Reserve Bank of New York, professor of economics at Ohio State University, and editor of the Journal of Money, Credit, and Banking.

Cecchetti was educated at MIT in 1977 and the University of California, Berkeley, where he received a PhD in economics in 1982. He is married with two children.