Economic Crises | Council on Foreign Relations

Economic Crises

Risk Spotting

Experts analyze global risk on the political, geoeconomic, and corporate horizon. This meeting was cosponsored with Bloomberg. © 2010 Bloomberg L.P. All rights reserved. Used with permission.

Event June 7, 2010
Financial Markets

World Economic Update

Related readings: This Month in Geoeconomics by the Maurice R. Greenberg Center for Geoeconomic Studies Governments Up the Stakes in Their Fight With Markets by Martin Wolf The Gloomy Prospects for World Growth, a CGS Working Paper by Steven Dunaway

Event with Joyce Chang, Mickey Levy, Dean Maki and Sebastian Mallaby June 3, 2010
Financial Markets

World Economic Update

Uncertainties about eurozone debt and U.S. unemployment have lowered market confidence in the global economic recovery, say experts from JPMorgan, Barclays, and Bank of America in this update.

Event June 3, 2010

Economic Crises

A Conversation with Vladimir Yakunin

Vladimir Yakunin is president of the state-run Russian Railways company. He is a former first secretary of the USSR's Permanent Representative Office at the United Nations and a former Russian deputy minister of transportation. He is a close associate of Prime Minister Vladimir Putin and is considered to be one of the members of his inner circle. Dr. Yakunin will discuss Russian-U.S. relations and the "reset" policy, Russia's economic recovery and plans for modernization, and Russian-European relations in a time of economic uncertainty. Related Readings: CRS: Russian Political, Economic, and Security Issues and U.S. Interests by Jim Nichol, William H. Cooper, and Carl Ek Council Special Report: The Russian Economic Crisis by Jeffrey Mankoff

Event with Vladimir Yakunin and Andrew J. Guff May 18, 2010
Economic Crises

A Conversation with Vladimir Yakunin

Russian Railways President Vladimir Yakunin discusses the future of transportation in Russia and the effects that the global recession has had on the country.

Event May 18, 2010
Economic Crises

Eurozone Problem for the United States

Six experts weigh in on the contagion threat of the European debt crisis and the potential impact on the U.S. economy.

Expert Roundup by Ashraf Laidi, Adolfo Laurenti, Carmen M. Reinhart, Uri Dadush, Ron Sloan and Anna Gelpern May 14, 2010

Economic Crises

Tough Love for Eurozone

Saving the European Union requires a plan to allow fiscally weak member countries to fail, as well as painful lifestyle changes and some loss of national sovereignty, says the Centre for European Policy Studies’ Daniel Gros.

Interview with Daniel Gros and Roya Wolverson May 12, 2010 Greenberg Center for Geoeconomic Studies
Europe

Reforming the Eurozone

Debt restructuring and longer-term eurozone reforms will be needed to contain Europe’s sovereign debt problems and restore European stability and prosperity, says CFR’s Marc Levinson.

Interview with Marc Levinson and Roya Wolverson May 10, 2010 Greenberg Center for Geoeconomic Studies
Greece

C. Peter McColough Series on International Economics: Sovereign Debt Problems in Advanced Industrial Countries

The C. Peter McColough Series on International Economics is presented by the Corporate Program and the Maurice R. Greenberg Center for Geoeconomic Studies.

Event with Michael J. Elliott May 7, 2010
Greece

Buiter: Sovereign Debt Problems to Continue

Citigroup's Chief Economist Willem Buiter discusses the future of sovereign debt in the wake of the crisis in Greece. This meeting was part of the C. Peter McColough Series on International Economics.

Event May 7, 2010
International Organizations

Crisis for Europe in Greek Debt?

The IMF and European leaders have gotten serious about Greece’s debt, says CFR’s Charles Kupchan. But the crisis also raises concerns about the eurozone’s unity.

Interview with Charles A. Kupchan and Bernard Gwertzman April 30, 2010 Greenberg Center for Geoeconomic Studies
Economic Crises

New Urgency to Prevent Greek Default

Rating agency S&P’s decision to downgrade Greek debt to "junk" may lead to softened pre-conditions for an IMF-EU bailout and a swifter European response, says CFR’s Marc Levinson.

Interview with Marc Levinson and Roya Wolverson April 27, 2010 Greenberg Center for Geoeconomic Studies
Global

C. Peter McColough Series on International Economics: Global Governance Today

The C. Peter McColough Series on International Economics is presented by the Corporate Program and the Maurice R. Greenberg Center for Geoeconomic Studies. Related Readings: G20 Leaders Statement at Pittsburgh Summit: Creating a 21st Century International Economic Architecture Global Imbalances, National Rebalancing, and the Political Economy of Recovery by Jeffry A. Frieden

Event with Jean -Claude Trichet and Robert E. Rubin April 26, 2010
Global

Trichet: Global Governance Today

Watch Jean-Claude Trichet, president of the European Central Bank, discuss global governance in light of the recent financial crisis. This meeting was part of the C. Peter McColough Series on International Economics.

Event April 26, 2010
Economic Crises

Prime Brokers and Derivatives Dealers

Overview Runs by prime-brokerage clients and derivatives counterparties were a central cause of the global financial crisis. These runs precipitated the failures of Bear Stearns and Lehman Brothers by substantially reducing the broker’s liquidity. This Working Paper, the ninth in the Squam Lake series distributed by the Greenberg Center for Geoeconomic Studies, argues for higher regulatory liquidity requirements for dealer banks that use assets of clients and counterparties as a source of liquidity.

Report by Squam Lake Working Group on Financial Regulation April 7, 2010 Greenberg Center for Geoeconomic Studies