[lit-ideas] Another Lit-Ideas idea
- From: Eternitytime1@xxxxxxx
- To: lit-ideas@xxxxxxxxxxxxx
- Date: Wed, 1 Mar 2006 06:09:19 EST
Hi,
Here's another talk that would be interesting to hear. They probably got the
idea for this by lurking on our List <g>.
Wonder if Lit-Ideas could arrange to have Eric, LH, and Andreas go and
report back?
Best,
Marlena in Missouri
(thinking of the people sponsoring this talk...and of the backgrounds of the
people attending
Global Financial Imbalances
April 24, 2006
PricewaterhouseCoopers, 300 Madison Avenue, NY
_\_
(http://maps.google.com/maps?f=q&hl=en&q=300+Madison+Avenue,+NY&ll=40.752296,-73.978629&spn=0.005202,0.012081&t=h)
A Chatham House conference in association with the Foreign Policy
Association.
The most noticeable feature of today's world economy is that the United
States, the world's richest country, is by far its biggest capital importer and
net debtor. This is an unprecedented situation, and is ringing alarm bells.
Such levels of indebtedness in the past have occurred in emerging market
economies, and the subsequent adjustments, and resulting financial crises â
in
East Asia, Russia and Argentina â have exposed the vulnerability of the
global
economy to such financial volatility.
Questions are now being asked as to how long this disequilibrium will hold.
The risk of a hard landing is looming large, and with it the potentially
disastrous impact on the world's economies. This conference will look at the
causes of these imbalances and examine what the possible responses might be.
Issues to be discussed include:
* What is driving these global imbalances?
* Are US policy makers likely to try and engineer a soft landing? If
so, how?
* How, if at all, should other developed countries respond to these
imbalances?
* How vulnerable is the US economy to a drop in the real estate
markets? And what, if anything will trigger it?
* What is driving Asia's build-up of foreign currency reserves? Will
Asian governments move to redress the balance?
* What are the consequences of China's currency valuation policies?
* What is the impact of the inflow of petrodollars into the financial
markets? How big is it, and where is it going?
* Are market players correct in their seeming indifference to the
perils of the current situation? Or are they in for a rude shock?
Book your place now and benefit from a free annual subscription to Chatham
House's monthly magazine The World Today
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