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.
Adjunct Professor, Georgetown University, 2010
Adjunct Professor, Johns Hopkins University, 2009
Managing Director and Chief Emerging Market Economic Strategist, Salomon Smith Barney, 1996-2003
Deputy Director, Policy Development and Review Department, International Monetary Fund, 1994-96
Senior Adviser, European Department, 1990-94; Division Chief, Western Hemisphere Department, 1984-90, International Monetary Fund
How should the crisis in Cyprus have been handled differently, and what are its wider international repercussions going forward? This and other relevant questions will be addressed by our expert panel.
If ever one needed evidence that excessive money printing by the Federal Reserve and by the Bank of Japan was seriously distorting global market prices, all one need do is to look at the EUR 2 trillion Italian sovereign-debt market.
The Federal Reserve has become the world's greatest mortgage investor. Has a central-bank-financed bond bubble replaced the housing bubble? And what will be the aftermath of Europe’s sovereign debt bubble, including possible losses on deposits in Cyprus? These and related questions will be addressed by our expert panel.
Any calm bought by the IMF-EU bailout package for Cyprus will be short-lived. Cyprus is all but certain to experience an economic collapse over the next two years, and the country will again question whether it should remain in the euro.