June 9, 2004

Speaker Biographies

John Lipsky is the chief economist at J. P. Morgan Chase & Co, a leading global financial services firm with relationships at 99 percent of Fortune 1000 companies. J. P. Morgan examines investment banking, asset management, private banking, private equity custody and transaction services, retail and middle market financial services, and e-finance. Previously, Mr. Lipsky served as resident representative for Chile at the International Monetary Fund and as chief economist for Salomon Brothers. He is a member of the advisory boards for the U.S. Treasury Advisory Committee, the Economic Subcommittee of the Bond Market Association, the Economic Club of New York, and the Council on Foreign Relations.

Edwin M. Truman is a senior fellow at the Institute for International Economics. He was assistant secretary of the U.S. Treasury for international affairs from December 1998 until January 2001. Before joining the U.S. Treasury, he was on the staff of the Federal Reserve. He was on the staff of the Federal Open Market Committee and was also director, and later staff director, of the Division of International Finance's Board of Governors for the Federal Reserve System. Mr. Truman has been a member of numerous international groups working on economic and financial issues, including the Financial Stability Forum's Working Group on Highly Leveraged Institutions, G-10 Working Group on the Resolution of Sovereign Liquidity Crises, and G-7 Working Group on Exchange Market Intervention. His writing focuses on international monetary economics, international debt problems, economic development, and European economic integration.

Allan H. Meltzer is a visiting scholar at AEI and the Allan H. Meltzer University Professor of Political Economy at Carnegie Mellon University. He served as the honorary adviser to the Institute for Monetary and Economic Studies of the Bank of Japan from 1986 to 2002. Mr. Meltzer was a member of the President's Economic Policy Advisory Board during the Reagan administration. He has been an acting member of the President's Council of Economic Advisers and a consultant to the U.S. Treasury and to the Board of Governors of the Federal Reserve System. In 1999 and 2000, he served as the chairman of the International Financial Institution Advisory Commission, which was appointed by Congress to review the role of these institutions. The author of several books and numerous papers on economic theory and policy, Mr. Meltzer is also a founder of the Shadow Open Market Committee. In 2002, he was elected a distinguished fellow of the American Economic Association. He received the first annual Irving Kristol Award and delivered the Irving Kristol Lecture at AEI's annual dinner in February 2003.

Kenneth Rogoff is the Thomas D. Cabot Professor of Public Policy and Professor of Economics at Harvard University. Until 2003 he was economic counselor and director of the Research Department at the International Monetary Fund. He was previously the Charles and Marie Robertson Professor of International Affairs at Princeton University. Early in his career, Mr. Rogoff was an economist at the IMF and at the Board of Governors of the Federal Reserve System. He is an elected member of the American Academy of Arts and Science and the Econometric Society and a former Guggenheim Fellow. He has published extensively on policy issues in international finance, including exchange rates, international debt issues, and international monetary policy. He is coauthor, with Maurice Obstfeld, of the graduate text Foundations of International Macroeconomics (MIT Press, 1996).

Desmond Lachman is a resident scholar at AEI whose research focuses on global currencies, major emerging market economies, and the role of the multilateral lending institutions. He writes extensively on topics such as economic policy, fund arrangements, monetary reform, import restrictions, and exchange rates. Before joining AEI, Mr. Lachman was a managing director and chief emerging market economic strategist at Salomon Smith Barney. Previously, he was deputy director in the Policy Development and Review Department at the International Monetary Fund.

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