Tuesday, September 20, 2011

From Per Jacobsson, World Bank & IMF Meeting


The World Bank Group and the International Monetary Fund, this weekend meeting The Annual Meetings of the World Bank Group and the International Monetary Fund each year brings together central bankers, ministers finance, and development. Private sector executives executives, and academics to discuss issues of  global outlook and economic recovery.

Last year, the Per Jacobsson Foundation Lecture was about the "new normal" by Dr. Mohamed A. El-Erian, who is the Chief Executive Officer and co–Chief Investment Officer of PIMCO, an international investment firm with headquarters in Newport Beach, California. The contextual hypotheses was based on three themes. First, the international monetary system suffered a “sudden stop” three years ago. Second, , the causes of the crisis were many years in the making and included balance sheet excesses, risk management failures at virtually every level of society, antiquated infrastructures, and outmoded governance and incentive systems in both the public and private sectors. Third, the dynamics coming out of the crisis management phase the combination of deleveraging, reregulation, debt overhangs, and structural challenges in key industrial countries are interacting with an accelerating secular realignment of the global economy to create what U.S. Federal Reserve Chairman Ben Bernanke correctly called an “unusually uncertain outlook.” We hope that the analyst of post-crises response will be as insightful as the new normal last years'.
 
This years' topics are "The IMF and the International Monetary System: Lessons from the Crisis" by Axel Weber, former President of Deutsche Bundesbank. The meeting will be held in  IMF 700 19th St NW, Washington DC HQ1 Gallery (2nd floor). Admission requires either an IMF/World Bank Annual Meetings ID badge.



"What Financial System for the 21st Century" by Andrew Crockett, chaired by Guillermo Ortiz. 
Bank for International Settlements, Centralbahnplatz 2, Basel Switzerland. Admission requires BIS Annual Meetings badge...



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