Yale Center for the Study of Globalization Hosts Conference on the Economic Crisis and Financial Globalization

The Yale Center for the Study of Globalization will bring to campus some of the world’s leading experts on the financial crisis and its effects on the integration of the world economy for a conference titled “Financial Globalization: Culprit, Survivor or Casualty of the Great Crisis?”

Three of the conference sessions will take place on November 12 and 13 at the Maurice R. Greenberg Conference Center, 391 Prospect Street. The final event, a roundtable discussion on “Globalization after the Crisis,” will be held from 2 p.m. to 4 p.m. on November 13 at the Sterling Memorial Library lecture hall, 130 Wall Street. It will be moderated by Ernesto Zedillo, the Frederick Iseman ’74 Director of the Yale Center for the Study of Globalization. The events are open to the public.

Participants have been asked to envision the sequel to the current crisis. The discussion will focus on policy prescriptions — particularly the pertinence, viability, desirable features and probable consequences of a system of global financial regulations. Among the issues that will be addressed are the key causes of the crisis, the damage so far and how long it will be before a recovery. The participants also will discuss whether the crisis will prove to be a stimulus for international reform; if the next global crisis is already foreseeable; which countries are suffering the most; and whether the global public good of financial stability is deliverable.

Conference participants will include Raghuram Rajan, former chief economist at the International Monetary Fund; Rakesh Mohan, former deputy governor of the Reserve Bank of India; Guillermo Ortiz, governor of the Bank of Mexico; Ronald McKinnon of Stanford University, Jeffry Frieden of Harvard University; Carmen Reinhart of the University of Maryland; Anne Krueger of John Hopkins’ School of Advanced International Studies; and Tommaso Padoa-Schioppa, former minister of finance of Italy. Yale faculty participants will include William Nordhaus, William Brainard and T.N. Srinivasan among others.

Conference schedule:
Thursday, November 12
Session One: “Taking Stock of the Causes and the Damage so far”
9 a.m. - 12:30 p.m., Greenberg Conference Center

Session Two: “International Financial Architecture, Financial Regulation, and the Future of Financial Innovation”
1:30 – 6 p.m., Greenberg Conference Center

Friday, November 13
Session Three: “National and Regional Perspectives”
9 a.m. – 12:30 p.m., Greenberg Conference Center

Roundtable Discussion: “Globalization After the Crisis”
2 – 4 p.m., Sterling Memorial Library lecture hall
This session featuring Jagdish Bhagwati of Columbia University, Niall Ferguson of Harvard University and Harold James of Princeton University, will be moderated by Ernesto Zedillo, the Frederick Iseman ’74 Director of the Yale Center for the Study of Globalization.

The event is co-sponsored by The Ford Foundation.

For more information please see www.ycsg.yale.edu.

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Media Contact

Haynie Wheeler: haynie.wheeler@yale.edu, 203-432-1904