Robert Zoellick and Ernesto Zedillo Yale University, February 9, 2011
In this interview in the winter of 2011, Ernesto Zedillo poses questions to Robert Zoellick, then President of The World Bank, on the global economy, public service, global governance, and challenges to global peace and security.
Their discussion focused especially on the international system and the aftermath of the global financial crisis. President Zoellick was asked to look back on what happened in the financial crisis, and to comment on where we are now.
Ernesto Zedillo November 2010
When they first met in November of 2008, the G20 leaders were right on target when they admitted that inconsistent and insufficiently coordinated macroeconomic policies were among the chief causes of the horrendous crisis they were then trying to contain.
They were also right at their September 2009 Pittsburgh summit when they kept the global macroeconomic imbalances as their central concern, so much so that they launched a framework to “ensure that fiscal, monetary, trade and structural policies are collectively consistent.” However, and this was the bad news from Pittsburgh, the leaders agreed to implement the framework in a way that was condemned to be ineffectual.
Robert Shiller, Arthur M. Okun Professor of Economics and Nobel Laureate, Yale University; Stephen Roach, Senior Research Fellow, Yale Jackson Institute; Thomas Cooley, Stern School of Business, NYU; Ernesto Zedillo YCSG September 2010
The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law by President Obama on Wednesday July 21, 2010. The Act affects almost every aspect of the U.S. financial services industry.
The objectives ascribed to the Act by its proponents in Congress and by the President include restoring public confidence in the financial system, preventing another financial crisis, and allowing any future asset bubble to be detected and deflated before another financial crisis ensues. Four prominent experts on the financial crisis and the reforms created to address it gathered in a round table discussion at Yale to make an early assessment of the financial reform’s outcome.
Raghuram Rajan October 2012
In an interview with with YaleGlobal editor Nayan Chanda, Dr. Raghuram Rajan, current Governor of the Reserve Bank of India and former Chief Economic Adviser to the Government of India as well as former Chief Economist of IMF explains the background of the global economic crisis, mixed US success in containing it, Europe’s challenge and background to reforms on FDI and subsidy launched in India in September, 2012.