Can the IMF Really Save the World?
With a Keynote Address by John Lipsky, First Deputy Managing Director of the IMF

The recent G20 meeting of global leaders put the International Monetary Fund (IMF) at center stage in fighting the global economic crisis. This follows long-standing calls for a rebalancing of power within the IMF and a rethinking of its role. This second event in the AEI series discussing global economic architecture will feature a keynote address by John Lipsky, the IMF's second in command, followed by two panels exploring how the IMF needs to be reformed to make it more relevant in today's changed global economy. Participants will also examine the role that the IMF might play in helping resolve the crisis.

Serving on the panels will be Timothy D. Adams, who served as under secretary of the treasury for international affairs in the George W. Bush administration; Desmond Lachman, an AEI scholar who served as the deputy director in the IMF’s Policy and Review Department; AEI’s Adam Lerrick, an expert in finding solutions to the large-scale financing needs of major governments and multilateral borrowers; Zanny Minton-Beddoes, economics editor at The Economist; Alberto R. Musalem, who, while at the World Bank, advised many countries on pension and life insurance and the tax treatment of financial instruments; Eswar Prasad, former chief of the Financial Studies Division at the IMF; Brad W. Setser, who worked extensively on U.S. policy toward the IMF while he was at the U.S. Department of the Treasury; and James R. Vreeland, an associate professor of international relations whose research is most known for its treatment of international institutions, particularly the IMF. AEI’s Philip I. Levy and Vincent R. Reinhart will moderate.

About the Author

 

Desmond
Lachman
  • Desmond Lachman joined AEI after serving as a managing director and chief emerging market economic strategist at Salomon Smith Barney. He previously served as deputy director in the International Monetary Fund's (IMF) Policy Development and Review Department and was active in staff formulation of IMF policies. Mr. Lachman has written extensively on the global economic crisis, the U.S. housing market bust, the U.S. dollar, and the strains in the euro area. At AEI, Mr. Lachman is focused on the global macroeconomy, global currency issues, and the multilateral lending agencies.
  • Phone: 202-862-5844
    Email: dlachman@aei.org

 

Adam
Lerrick
  • Adam Lerrick is the Friends of Allan H. Meltzer Professor of Economics at the Tepper School of Business at Carnegie Mellon University. He served as a senior adviser to the chairman of the International Financial Institution Advisory Commission (known as the "Meltzer Commission"), where he analyzed the workings of the World Bank and reassessed its role in the global economy. Previously, he was an investment banker with Salomon Brothers and Credit Suisse First Boston, and he originated and led the negotiation team of the Argentine Bond Restructuring Agency in the $100 billion Argentine debt restructuring.
  • Phone: 434-286-2372
    Email: alerrick@aei.org
  • Assistant Info

    Name: Chad Hill
    Phone: 202-862-5862
    Email: chad.hill@aei.org

 

Philip I.
Levy
  • Philip I. Levy's work in AEI's Program in International Economics ranges from free trade agreements and trade with China to antidumping policy. Prior to joining AEI, he worked on international economics issues as a member of the secretary of state's Policy Planning Staff. Mr. Levy also served as an economist for trade on the President's Council of Economic Advisers and taught economics at Yale University. He writes for AEI's International Economic Outlook series.

    Follow Philip Levy on Twitter


  • Phone: 202-862-5890
    Email: philip.levy@aei.org
  • Assistant Info

    Name: Chad Hill
    Phone: 202-862-5862
    Email: chad.hill@aei.org

 

Vincent R.
Reinhart
  • Vincent Reinhart, a former director of the Federal Reserve Board's Division of Monetary Affairs, joined AEI in 2008 after working on domestic and international aspects of U.S. monetary policy at the Fed for more than two decades. He held a number of senior positions in the Divisions of Monetary Affairs and International Finance and served for the last six years of his Federal Reserve career as secretary and economist of the Federal Open Market Committee. Mr. Reinhart worked on topics as varied as economic bubbles and the conduct of monetary policy, auctions of U.S. Treasury securities, alternative strategies for monetary policy, and the efficient communication of monetary policy decisions. At AEI, he has continued his work on all of the above in addition to research on key economic variables before and after adverse global and country-specific shocks, policy mistakes leading to the 2007-09 financial meltdown, and the implementation and impact of quantitative easing.
  • Email: vincent.reinhart@aei.org
  • Assistant Info

    Name: Rohan Poojara
    Phone: 202-862-5852
    Email: rohan.poojara@aei.org
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