November 4, 2004

Speaker Biographies

David DeRosa is president of DeRosa Research and Trading, Inc. He is also an adjunct professor of finance and a fellow of the International Center for Finance at the Yale School of Management. He is the author of In Defense of Free Capital Markets: The Case against a New International Financial Architecture (Bloomberg Press 2001); Options on Foreign Exchange (second edition, Wiley 2000); and Managing Foreign Exchange Risk (Irwin 1996) and the editor of Currency Derivatives (Wiley 1998). He writes a twice-weekly column for Bloomberg News on international finance and world politics.

Desmond Lachman is a resident fellow at AEI specializing on emerging market economies and the role of multilateral lending institutions. For many years, he was an economist at the International Monetary Fund, rising to division chief of the Western Hemisphere Department. From 1999 to 2003, he was managing director and chief emerging market economic strategist for Solomon Smith Barney. His books include Challenges to the Swedish Welfare State and Economic Policies for a New South Africa.

Yusuke Horiguchi is first deputy managing director and chief economist at the Institute of International Finance. Before joining the IIF, Mr. Horiguchi spent more than twenty years with the International Monetary Fund, where he became director of the Asia-Pacific Department in February 2000. During this time, he headed missions to the United States, Canada, and Japan, among the G7 countries, as well as China, Russia, Korea, Israel, and many other emerging market economies. Mr. Horiguchi has also taught at Texas A&M and Rice Universities and has been a consultant and staff economist for the Organization for Economic Cooperation and Development.

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.

John Williamson is a senior research fellow with the International Institute of Economics in Washington, D.C. Previously he served as project director for the UN High-Level Panel on Financing for Development. He was also an adviser to the International Monetary Fund and an economic consultant to the UK Treasury. He is author or editor of numerous studies on international monetary and developing-world debt issues, including Delivering on Debt Relief: From IMF Gold to a New Aid Architecture (2002); Exchange Rate Regimes for Emerging Markets: Reviving the Intermediate Option (2000); The Crawling Band As an Exchange Rate Regime: Lessons from Chile, Colombia, and Israel (1996); and What Role for Currency Boards?(1995).

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