EVENTS

Date:	Tuesday, April 21, 2009
Time:	9:00 AM -- 12:15 PM
Location:	Wohlstetter Conference Center, Twelfth Floor, AEI 1150 Seventeenth Street, N.W., Washington, D.C. 20036

Timothy D. Adams is managing director of the Lindsey Group. Previously, Mr. Adams served as under secretary for international affairs at the U.S. Treasury Department. As under secretary, Mr. Adams led the development and implementation of policies in the areas of international finance; trade in financial services; investment; economic development; international debt; and U.S. participation in the International Monetary Fund, the World Bank, and the other multilateral development banks. He also coordinated financial market policy with the G7 industrial nations. Mr. Adams was the policy director for the Bush-Cheney 2004 campaign, for which he was a senior member of the campaign leadership and directed policy operations. From January 2001 to December 2003, he was the chief of staff at the Treasury Department. From early 1993 until March 2000, he held several positions at the G7 Group, a Washington, D.C.–based consulting firm that he cofounded and later led as managing director. The G7 Group forecasts and interprets economic and political events for blue-chip global financial institutions. From 1989 until 1993, Mr. Adams held several policy-related positions in the administration of President George H. W. Bush.

Desmond Lachman joined AEI as a resident fellow 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 and Review Department and was active in staff formulation of IMF policies toward emerging markets. Mr. Lachman has written on topics such as economic policy, fund arrangements, monetary reform, import restrictions, and exchange rates. At AEI, he studies major emerging market economies and the role of multilateral lending institutions.

Adam Lerrick is a visiting scholar at AEI and the Friends of Allan H. Meltzer Professor of Economics at the Tepper School of Business at Carnegie Mellon University. At AEI, Mr. Lerrick studies international capital markets with a focus on hedge funds, international financial crises, sovereign debt restructuring, and economic development. He originated and led the negotiation team of the Argentine Bond Restructuring Agency plc, which united the interests of an estimated thirty-five thousand European retail investors to create the largest foreign creditor in the $100 billion Argentine debt restructuring. Mr. Lerrick served as the adviser on international economic policy to the Joint Economic Committee from 2001 until 2007, as well as to the House majority leader from 2001 to 2003. He also acted as the senior adviser to the chairman of the International Financial Institution Advisory Commission, known as the "Meltzer Commission." Formerly head of product development for the international capital markets at Salomon Brothers and then at Credit Suisse First Boston, Mr. Lerrick found solutions to the large-scale financing needs of major governments and multilateral borrowers. In the international capital markets, he designed and executed pioneering debt instruments for many governments, among them, Germany, France, Belgium, and Sweden.

Philip I. Levy studies international trade and development at AEI. Before joining AEI, he handled international economic issues as a member of the secretary of state's policy planning staff (2005–2006), was senior economist for trade on the President's Council of Economic Advisers (2003–2005), and was a faculty member in Yale University's department of economics (1994–2003). An economist by training, he has experience in many international trade and development policy issues, including free trade agreements, trade with China, antidumping policy, welfare effects of globalization, U.S. foreign assistance policy, and economic development policy.

John Lipsky is the first deputy managing director at the International Monetary Fund (IMF). Before joining the Fund in 2006, Mr. Lipsky was vice chairman of JPMorgan Investment Bank. In this position, he advised the firm's principal market risk-takers, published independent research on the principal forces shaping global financial markets, was actively engaged with JPMorgan’s key clients, and represented the firm around the world with senior public and financial-sector decision-makers. Previously, Mr. Lipsky served as JPMorgan's chief economist and as Chase Manhattan Bank's chief economist and director of research. He served as chief economist at Salomon Brothers from 1992 until 1997. From 1989 to 1992, Mr. Lipsky was based in London, where he directed Salomon Brothers' European Economic and Market Analysis Group. Before joining Salomon Brothers in 1984, he spent a decade at the IMF, where he helped manage the Fund's exchange rate surveillance procedure and analyzed developments in international capital markets. He also participated in negotiations with several member countries and served as the Fund’s resident representative in Chile during 1978–80. In 2000, he chaired a financial-sector review group, established by former managing director Horst Köhler, to provide the IMF with an independent perspective on the Fund's work on international financial markets. Mr. Lipsky's current professional activities include serving on the board of directors of the National Bureau of Economic Research. Prior to joining the IMF as first deputy managing director, Mr. Lipsky served as a director of several corporations and nonprofit organizations.

Zanny Minton-Beddoes is The Economist's economics editor. She is responsible for coverage of the American economy, economic policy, and issues surrounding globalization. Before moving to Washington in April 1996, Ms. Minton-Beddoes was The Economist's emerging-markets correspondent based in London. She has written surveys of the world economy, Latin American finance, global finance, and Central Asia. Ms. Minton-Beddoes joined The Economist in 1994 after spending two years as an economist at the International Monetary Fund. Previously, she worked as an adviser to the minister of finance in Poland, as part of a small group headed by Jeffrey Sachs of Harvard University. She has written extensively about the American economy and international financial policy, has been published in Foreign Affairs and Foreign Policy, and has testified before Congress on the introduction of the euro. Ms. Minton-Beddoes is a regular commentator on NPR's Marketplace and other public radio programs. She has also appeared on CNN, the BBC World Service, The NewsHour with Jim Lehrer, CNBC, and Public Interest. She is a trustee of the Carnegie Endowment for International Peace and a member of the research advisory board of the Committee for Economic Development.

Alberto Musalem is director of global research for Tudor Investment Corporation, where he oversees the firm's research and investment strategy. Before joining Tudor in 2000, he was an official at the International Monetary Fund (IMF), engaging in macroeconomic policy advisory work as well as stabilization program design and negotiation across the institution's membership. While at the IMF, he also worked on international financial architecture and external vulnerability issues during and after the Asian financial crisis. Mr. Musalem has also worked at McKinsey & Company and Bankers Trust. He has been a professor of international financial markets at the School of Advanced International Studies at Johns Hopkins University and is a member of the Economic Advisory Committee and the Markets Monitoring Group of the Institute of International Finance. He regularly comments and consults on macroeconomic and financial market issues, including at events hosted by the G20, the Council on Foreign Relations, the Eurogroup 50, the Korea Institute for International Economic Policy, and the Reinventing Bretton Woods Committee. Mr. Musalem has also published several academic articles.

Eswar Prasad is the Tolani Senior Professor of Trade Policy at Cornell University and a senior fellow at the Brookings Institution. He is also a research associate at the National Bureau of Economic Research. He was previously chief of the Financial Studies Division in the International Monetary Fund's (IMF) Research Department and, before that, was the head of the IMF's China Division. Mr. Prasad's research has spanned a number of areas, including labor economics, business cycles, and open economy macroeconomics. His extensive publication record includes articles in numerous collective volumes as well as top academic journals such as the American Economic Review, The Economic Journal, the Journal of Development Economics, The Journal of Economic Perspectives, the Journal of International Economics, the Journal of Monetary Economics, and The Review of Economics and Statistics. He has coauthored and edited numerous books and monographs, including ones on China, Hong Kong, and India. His current research interests include the macroeconomics of financial globalization, monetary and exchange rate policies in emerging markets, and the Chinese and Indian economies. Mr. Prasad has served as the coeditor of the journal IMF Staff Papers, was on the editorial board of Finance & Development, and was the founding editor of the quarterly IMF Research Bulletin.

Vincent R. Reinhart, a resident scholar at AEI, is a former director of the Federal Reserve Board's Division of Monetary Affairs who has spent more than two decades working on domestic and international aspects of U.S. monetary policy. He held a number of senior positions in the Divisions of Monetary Affairs and International Finance and spent the last six years of his Federal Reserve career as secretary and economist of the Federal Open Market Committee. Mr. Reinhart has 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. Since joining AEI, Mr. Reinhart has published work on international capital flows and has commented in the press on issues including the Federal Reserve, the mortgage system, and the financial crisis.

Brad W. Setser is a fellow for geoeconomics at the Council on Foreign Relations (CFR), with expertise in finance, global capital flows, and emerging economies. He works in CFR's Maurice R. Greenberg Center for Geoeconomic Studies, focusing on the foreign policy consequences of capital surpluses in East Asia and oil exporting states. Mr. Setser most recently was a senior economist for RGE Monitor, an online financial and economic informational company. In 2003, he was an international affairs fellow at CFR, where he wrote, with Nouriel Roubini, Bailouts or Bail-Ins: Responding to Financial Crises in Emerging Markets (Peterson Institute), a book examining International Monetary Fund (IMF) policy toward crises in emerging market economies. Mr. Setser has also been a research associate at the Global Economic Governance Programme at University College, Oxford, and a visiting scholar at the IMF. He served in the U.S. Treasury from 1997 to 2001, where he worked extensively on the reform of the international financial architecture, sovereign debt restructurings, and U.S. policy toward the IMF. He ended his time at the Treasury as the acting director of the Office of International Monetary and Financial Policy.

James R. Vreeland is an associate professor of international relations in the Edmund A. Walsh School of Foreign Service at Georgetown University. Previously, he was an associate professor of political science at Yale University. His research is most known for its treatment of international institutions, particularly the International Monetary Fund (IMF) and, more recently, the World Bank and the United Nations. In addition to his first book, The IMF and Economic Development (Cambridge University Press, 2003), he also wrote an introductory text on the IMF entitled The International Monetary Fund: Politics of Conditional Lending (Routledge, 2007) and coedited Globalization and the Nation State: The Impact of the IMF and the World Bank (Routledge, 2006). Mr. Vreeland's research has appeared in International Organization, the Journal of Development Economics, Political Analysis, World Development, The Review of International Organizations, and the International Political Science Review.